Sandisk Corporation (SNDK) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts remain bullish on Sandisk: Twenty-two of 28 analysts rate the stock a buy and two rate it a strong buy, resulting in a “Moderate Buy” consensus and an average price target of $2,120.65.
• Fundamentals are strong: Sandisk reported quarterly EPS of $39.25 versus the $33.28 consensus, while revenue surged 371.6% year over year to $8.96 billion. The board also authorized a $14 billion share-repurchase program.
• Near-term risks remain: Shares have fallen 1.7% and face pressure from broader memory-sector weakness and profit-taking after a substantial rally, despite analysts citing artificial-intelligence demand as a long-term growth driver.

Shares of Sandisk Corporation (NASDAQ:SNDK - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twenty-eight research firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $2,120.65.

Several research analysts have recently issued reports on SNDK shares. Raymond James Financial upped their target price on shares of Sandisk from $1,470.00 to $2,000.00 and gave the stock an "outperform" rating in a research note on Thursday, August 6th. The Goldman Sachs Group reissued a "buy" rating and set a $2,200.00 price target (up from $1,200.00) on shares of Sandisk in a research report on Thursday, August 13th. Susquehanna reduced their price target on shares of Sandisk from $3,050.00 to $2,745.00 and set a "positive" rating for the company in a research report on Thursday, August 6th. Royal Bank Of Canada boosted their price objective on shares of Sandisk from $1,300.00 to $1,600.00 and gave the stock a "sector perform" rating in a report on Friday, August 14th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $2,000.00 price objective on shares of Sandisk in a research report on Friday, August 14th.

Sandisk Trading Down 1.7%

Sandisk stock opened at $1,581.82 on Friday. The company has a market capitalization of $228.62 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 0.16 and a beta of 5.23. The business's fifty day simple moving average is $1,593.00 and its two-hundred day simple moving average is $1,470.61. Sandisk has a 12 month low of $116.17 and a 12 month high of $2,354.39.

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

Sandisk announced that its board has approved a share buyback program on Wednesday, August 5th that allows the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization allows the data storage provider to buy up to 6.6% of its stock through open market purchases. Share repurchase programs are often a sign that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In other news, CFO Luis Visoso sold 1,000 shares of the business's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the completion of the transaction, the chief financial officer owned 130,976 shares in the company, valued at $205,479,078.08. The trade was a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Alper Ilkbahar sold 4,712 shares of the business's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the completion of the transaction, the executive vice president owned 44,134 shares of the company's stock, valued at $67,991,957.72. This represents a 9.65% 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 77,899 shares of company stock worth $121,159,122 in the last 90 days. 0.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sandisk

Several large investors have recently bought and sold shares of SNDK. Integrated Financial Solutions Inc. purchased a new stake in shares of Sandisk during the 3rd quarter valued at about $1,080,000. Oak Grove Capital LLC bought a new stake in shares of Sandisk in the third quarter worth approximately $1,218,000. Sound Income Strategies LLC grew its stake in shares of Sandisk by 29.3% in the third quarter. Sound Income Strategies LLC now owns 848 shares of the data storage provider's stock worth $1,365,000 after acquiring an additional 192 shares during the period. GK Wealth Management LLC raised its holdings in shares of Sandisk by 65.1% during the third quarter. GK Wealth Management LLC now owns 355 shares of the data storage provider's stock valued at $619,000 after purchasing an additional 140 shares during the last quarter. Finally, Balefire LLC raised its holdings in shares of Sandisk by 52.3% during the third quarter. Balefire LLC now owns 201 shares of the data storage provider's stock valued at $350,000 after purchasing an additional 69 shares during the last quarter.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: AI demand supports the growth outlook. Analysts argue that expanding artificial-intelligence data centers could drive sustained demand for Sandisk’s flash storage, potentially extending the current growth cycle beyond a typical memory upturn. SanDisk’s AI Storage Boom May Have Years to Run
• Positive Sentiment: Recent operating results remain exceptionally strong. Fiscal fourth-quarter revenue rose 372% year over year to approximately $8.97 billion, while gross margin reached 84.6%. The company also exceeded the earnings consensus and issued strong first-quarter fiscal 2027 guidance, reinforcing the bullish fundamental case. Sandisk Posted an 84.6% Margin Quarter
• Positive Sentiment: Mizuho raised its price target, citing demand from “agentic AI,” providing additional support for Sandisk and other memory stocks after the recent decline. Mizuho Raises SanDisk Price Target
• Neutral Sentiment: Short-interest data show no reported short position as of October 9, implying no measurable short-selling pressure in the cited figures. However, the report’s statement that short interest “increased” while totaling zero shares appears internally inconsistent. Short Interest Report
• Negative Sentiment: Memory-sector weakness is weighing on near-term trading. Samsung’s preliminary revenue miss raised concerns about memory demand and pricing, sending Micron, SK Hynix and Sandisk lower together. Investors are also watching higher Treasury yields, oil prices and profit-taking after Sandisk’s extraordinary one-year rally. The Memory Trade Cools After Samsung Results

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.

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