Sandisk (NASDAQ:SNDK) Price Target Raised to $1,000.00 at Cantor Fitzgerald

Sandisk (NASDAQ:SNDK) had its price objective hoisted by stock analysts at Cantor Fitzgerald from $800.00 to $1,000.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the data storage provider’s stock. Cantor Fitzgerald’s price objective points to a potential upside of 21.01% from the stock’s current price.

Several other analysts also recently weighed in on SNDK. Zacks Research raised Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Wells Fargo & Company increased their price target on Sandisk from $230.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Barclays raised their price target on Sandisk from $385.00 to $750.00 and gave the company an “equal weight” rating in a report on Monday, February 2nd. Mizuho set a $600.00 price objective on shares of Sandisk in a research note on Tuesday, January 27th. Finally, Wedbush upped their price objective on shares of Sandisk from $600.00 to $740.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Sandisk has a consensus rating of “Moderate Buy” and a consensus price target of $604.00.

Sandisk Stock Performance

NASDAQ SNDK traded up $45.46 on Thursday, hitting $826.36. The stock had a trading volume of 6,888,071 shares, compared to its average volume of 19,162,057. Sandisk has a one year low of $28.27 and a one year high of $831.27. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06. The stock has a market cap of $121.97 billion, a price-to-earnings ratio of -108.89 and a beta of 5.04. The company’s 50-day moving average is $640.59 and its two-hundred day moving average is $377.95.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $2.89. The company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The business’s revenue for the quarter was up 61.2% on a year-over-year basis.

Insiders Place Their Bets

In related news, Director Miyuki Suzuki sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the completion of the transaction, the director owned 9,907 shares of the company’s stock, valued at $6,216,939.71. This trade represents a 26.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.21% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sandisk

A number of institutional investors and hedge funds have recently bought and sold shares of SNDK. Whittier Trust Co. bought a new position in shares of Sandisk during the 4th quarter valued at about $26,000. Greenline Wealth Management LLC bought a new stake in shares of Sandisk in the 4th quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Sandisk in the 3rd quarter worth approximately $27,000. Chung Wu Investment Group LLC acquired a new stake in Sandisk during the fourth quarter valued at approximately $27,000. Finally, CVA Family Office LLC acquired a new stake in Sandisk during the third quarter valued at approximately $28,000.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Sector tailwinds — AI demand and higher NAND pricing are lifting the memory-chip complex, directly boosting Sandisk’s revenue outlook and investor sentiment. SanDisk Pops 4% as AI Demand and NAND Price Tailwinds Keep the Memory Chip Sector Hot
• Positive Sentiment: Bullish analyst views — Some brokerage notes are projecting large upside (Bernstein cited with a $1,250 base target and a $3,000 bull case), amplifying buying interest and momentum chasing. SanDisk (SNDK) Stock Soars to All-Time High as Analysts Project 280% Upside Potential
• Positive Sentiment: Strategic M&A — Sandisk’s subsidiary agreed to acquire ~139M shares of Nanya Technology (a Taiwan DRAM maker) for roughly $1B, a move that expands exposure to DRAM and vertical integration benefits. Sandisk Corporation (SNDK) to Acquire Nanya Technology, Here’s What You Need to Know
• Positive Sentiment: Industry structural shifts — Reports highlight NAND price hikes and partnership/asset deals (e.g., Kioxia-related moves) that improve long-term margin visibility for NAND suppliers like Sandisk. Sandisk NAND Price Hike And Kioxia Deal Reshape Long Term Outlook
• Positive Sentiment: Momentum & investor endorsements — The stock’s extension to record highs and coverage noting Sandisk as a top AI-infrastructure beneficiary is attracting momentum flows and buy-side attention. SanDisk Stock (SNDK) Extends Rally after Record High — What’s Driving the Surge?
• Neutral Sentiment: Resilience in volatile markets — Commentaries group Sandisk with other AI/infra names as leaders in volatile sessions; helpful for sentiment but not a direct fundamental change. RS: Spot Tomorrow’s Leaders in Today’s Volatility
• Negative Sentiment: Valuation & caution voices — Some analysts/commentators warn against chasing the current cycle and urge caution given the rapid multi‑year run, which could leave the stock vulnerable to profit‑taking or sentiment shifts. Sandisk: I’m Not Chasing This Cycle – Not Here

Sandisk Company Profile

SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.