Sandisk (NASDAQ:SNDK) Stock Gets Price Target Boost from Mizuho

Key Points

• Mizuho raised Sandisk’s price target to $2,050 from $1,875 while maintaining an “outperform” rating, implying approximately 20.3% upside. Analysts overall rate the stock “Moderate Buy,” with a consensus target of $2,120.65.
• Sandisk reported quarterly EPS of $39.25, beating estimates of $33.28, on revenue of $8.96 billion—up 371.6% year over year. The company also issued fiscal Q1 2027 EPS guidance of $44 to $46.
• The board authorized a $14 billion share buyback, allowing repurchases of up to 6.6% of outstanding shares, while insiders sold $121.2 million of stock over the past 90 days through pre-arranged trading plans.

Sandisk (NASDAQ:SNDK - Get Free Report) had its target price raised by stock analysts at Mizuho from $1,875.00 to $2,050.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an "outperform" rating on the data storage provider's stock. Mizuho's price target would suggest a potential upside of 20.29% from the company's current price.

Other research analysts have also issued research reports about the stock. Sanford C. Bernstein reissued an "outperform" rating and issued a $3,000.00 price objective (up from $1,700.00) on shares of Sandisk in a research note on Thursday, August 6th. Wedbush reaffirmed an "outperform" rating and set a $2,000.00 target price on shares of Sandisk in a research note on Friday, August 14th. Citigroup reiterated a "buy" rating on shares of Sandisk in a report on Thursday. New Street Research set a $3,000.00 price target on shares of Sandisk in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Sandisk from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Sandisk has a consensus rating of "Moderate Buy" and an average price target of $2,120.65.

Sandisk Trading Down 0.9%

SNDK stock opened at $1,704.16 on Tuesday. The business's fifty day moving average price is $1,554.26 and its 200 day moving average price is $1,450.62. Sandisk has a 12-month low of $115.68 and a 12-month high of $2,354.39. The company has a market capitalization of $249.52 billion, a PE ratio of 23.38, a P/E/G ratio of 0.17 and a beta of 5.23.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, beating analysts' consensus estimates of $33.28 by $5.97. The company had revenue of $8.96 billion during the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The business's revenue was up 371.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Research analysts predict that Sandisk will post 208.94 EPS for the current fiscal year.

Sandisk announced that its board has authorized a share buyback program on Wednesday, August 5th that permits the company to buyback $14.00 billion in outstanding shares. This buyback authorization permits the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Insider Activity

In other Sandisk news, EVP Alper Ilkbahar sold 4,712 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the sale, the executive vice president directly owned 44,134 shares of the company's stock, valued at approximately $67,991,957.72. This represents a 9.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the completion of the sale, the chief financial officer directly owned 130,976 shares in the company, valued at approximately $205,479,078.08. This represents a 0.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 77,899 shares of company stock worth $121,159,122 in the last ninety days. 0.21% of the stock is owned by insiders.

Hedge Funds Weigh In On Sandisk

A number of institutional investors and hedge funds have recently modified their holdings of the company. Valley Wealth Managers Inc. purchased a new stake in Sandisk during the 1st quarter worth about $25,000. Atomic Invest LLC purchased a new position in shares of Sandisk in the 2nd quarter valued at about $25,000. IMG Wealth Management Inc. purchased a new position in shares of Sandisk in the 1st quarter valued at about $29,000. Dunhill Financial LLC purchased a new position in shares of Sandisk in the 2nd quarter valued at about $30,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Sandisk during the 2nd quarter worth about $32,000.

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.

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