Bank of America Raises Sandisk (NASDAQ:SNDK) Price Target to $2,500.00

Sandisk (NASDAQ:SNDK) had its price target increased by research analysts at Bank of America from $2,100.00 to $2,500.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the data storage provider’s stock. Bank of America‘s price target would suggest a potential upside of 20.89% from the company’s current price.

A number of other equities analysts have also recently commented on the company. Mizuho lifted their price target on Sandisk from $1,825.00 to $2,200.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. Barclays raised Sandisk from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $1,200.00 to $2,300.00 in a research report on Tuesday, May 26th. UBS Group set a $1,700.00 target price on Sandisk in a research note on Monday, May 4th. KGI Securities started coverage on Sandisk in a report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 target price on the stock. Finally, Susquehanna raised their price target on Sandisk from $2,000.00 to $3,250.00 and gave the company a “positive” rating in a report on Friday, May 29th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Sandisk currently has a consensus rating of “Moderate Buy” and an average target price of $1,684.24.

Sandisk Stock Performance

SNDK traded down $205.72 during trading on Wednesday, reaching $2,068.01. 3,141,677 shares of the stock were exchanged, compared to its average volume of 16,560,025. The stock has a market cap of $306.25 billion, a P/E ratio of 72.36 and a beta of 4.87. Sandisk has a twelve month low of $40.10 and a twelve month high of $2,354.39. The stock’s 50 day moving average price is $1,595.68 and its two-hundred day moving average price is $912.98.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.17 by $9.24. The firm had revenue of $5.95 billion for the quarter. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business’s revenue was up 251.0% compared to the same quarter last year. During the same period last year, the company posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities research analysts predict that Sandisk will post 64.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Sandisk

In other Sandisk news, CAO Michael Pokorny sold 2,446 shares of Sandisk stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the completion of the sale, the chief accounting officer owned 22,375 shares in the company, valued at $31,910,777.50. The trade was a 9.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bernard Shek sold 600 shares of Sandisk stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $1,736.00, for a total transaction of $1,041,600.00. Following the completion of the sale, the insider owned 32,232 shares of the company’s stock, valued at $55,954,752. This trade represents a 1.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,625 shares of company stock valued at $8,913,497 in the last three months. 0.21% of the stock is owned by insiders.

Institutional Investors Weigh In On Sandisk

Several institutional investors have recently made changes to their positions in SNDK. Allworth Financial LP lifted its position in shares of Sandisk by 84.2% in the 4th quarter. Allworth Financial LP now owns 4,521 shares of the data storage provider’s stock worth $1,073,000 after purchasing an additional 2,067 shares during the period. Tredje AP fonden bought a new stake in Sandisk during the fourth quarter valued at $7,821,000. ProShare Advisors LLC grew its holdings in Sandisk by 1,301.5% during the 4th quarter. ProShare Advisors LLC now owns 33,637 shares of the data storage provider’s stock worth $7,985,000 after acquiring an additional 31,237 shares during the period. FourThought Financial Partners LLC acquired a new position in shares of Sandisk in the 4th quarter valued at about $422,000. Finally, North Dakota State Investment Board bought a new stake in shares of Sandisk during the 4th quarter valued at about $1,127,000.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bernstein reportedly massively increased its price target on Sandisk, citing stronger contracts and a more durable business model, which boosted optimism around future earnings power. Bernstein’s SanDisk forecast reboot sparks massive target upgrade
• Positive Sentiment: Another Bernstein-related note says Sandisk gained after the firm raised its target on the memory supercycle outlook, reflecting continued confidence in AI-driven demand. SanDisk gains after Bernstein raises price target on memory supercycle outlook
• Positive Sentiment: Analysts highlighted Sandisk’s AI memory exposure, including high-bandwidth flash and disciplined supply management, which could support premium valuations and stronger normalized margins. Sandisk: The Bull Theses Hiding Behind The NAND Debate
• Neutral Sentiment: Market commentary also notes that tech stocks remain pressured by rising interest rates and macro uncertainty, which could cap enthusiasm for high-multiple names like Sandisk. MU, SNDK and QCOM Forecasts – Rising Interest Rates Drag Tech Momentum
• Negative Sentiment: Some analysts and commentators remain cautious, warning that Sandisk’s big rally may have stretched valuations and that the stock could be vulnerable if the AI/memory trade cools. Sandisk: Avoid Becoming Exit Liquidity When The AI Trade Kabooms
• Negative Sentiment: Broader “stocks to avoid” and bearish writeups suggest some investors are worried Sandisk’s run-up has outpaced fundamentals, creating downside risk if memory pricing weakens or sentiment turns. 3 stocks to avoid trading in Q3 2026

About Sandisk

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.