Sandisk (NASDAQ:SNDK) Stock Jumps 1.9% on Analyst Upgrade

Key Points

• Sandisk shares rose 1.9% after Mizuho raised its price target from $1,875 to $2,050 and maintained an “outperform” rating. Analysts overall rate the stock “Moderate Buy,” with a consensus target of $2,120.65.
• Investor sentiment is supported by tight memory supply, firm pricing and strong AI/data-center demand, while Sandisk’s latest quarterly results showed $8.96 billion in revenue and 371.6% year-over-year growth.
• Risks include elevated expectations and insider selling: company executives sold shares worth roughly $121.2 million over the past 90 days, and the stock’s dependence on memory pricing could increase downside if supply conditions ease.

Sandisk Corporation (NASDAQ:SNDK - Get Free Report) shares traded up 1.9% on Wednesday after Mizuho raised their price target on the stock from $1,875.00 to $2,050.00. Mizuho currently has an outperform rating on the stock. Sandisk traded as high as $1,733.28 and last traded at $1,692.42. 9,077,883 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 15,313,944 shares. The stock had previously closed at $1,660.46.

A number of other equities analysts have also weighed in on the stock. Susquehanna cut their target price 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. Arete Research boosted their price target on shares of Sandisk from $2,300.00 to $3,000.00 and gave the company a "buy" rating in a research report on Thursday, August 27th. UBS Group restated an "overweight" rating and set a $1,750.00 price target on shares of Sandisk in a research note on Friday, August 14th. Royal Bank Of Canada raised 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, Bank of America boosted their target price on shares of Sandisk from $2,100.00 to $2,500.00 and gave the company a "buy" rating in a report on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Sandisk presently has an average rating of "Moderate Buy" and a consensus target price of $2,120.65.

Insiders Place Their Bets

In other news, EVP Alper Ilkbahar sold 4,712 shares of the business's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total transaction 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 approximately $67,991,957.72. The trade was a 9.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Goeckeler sold 33,841 shares of the business's stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $1,574.21, for a total transaction of $53,272,840.61. Following the completion of the transaction, the chief executive officer directly owned 382,865 shares of the company's stock, valued at approximately $602,709,911.65. This represents a 8.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 77,899 shares of company stock worth $121,159,122. Insiders own 0.21% of the company's stock.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Supply constraints support pricing: SanDisk and Micron outperformed a softer technology market as memory manufacturers have secured production through long-term agreements. Tight supply and firm pricing are improving expectations for revenue and margins. SanDisk and Micron Rise as Tight Memory Supply Outruns a Softer Tech Tape
• Positive Sentiment: Mizuho raises target: Mizuho increased its SanDisk price target from $1,875 to $2,050 and maintained an “outperform” rating, citing demand from agentic AI and broader semiconductor strength. The higher target reinforces the bullish outlook, although it also leaves expectations elevated. Mizuho Raises AMD and SanDisk Stock Price Targets
• Positive Sentiment: Contract visibility remains strong: A reported $93.9 billion NBM contract book, customer financial guarantees and growing data-center revenue point to sustained hyperscaler demand. The analysis also highlights substantial free cash flow, supporting confidence in SanDisk’s ability to fund growth and shareholder returns. SanDisk Customer Money Is Keeping Pace With the Contract Boom
• Neutral Sentiment: Analyst debate centers on future upside: Commentary compares SanDisk’s strong performance with Micron’s more diversified memory exposure, including Nvidia-related high-bandwidth-memory opportunities. SanDisk’s growth is viewed as compelling but more dependent on memory pricing. SanDisk and Micron AI Memory Stock Comparison
• Neutral Sentiment: Derivatives activity is notable: Binance reportedly leads trading liquidity for SanDisk perpetual contracts, with OKX and Hyperliquid behind it. This may increase visibility and trading activity but does not directly change the company’s fundamentals. Binance Leads SanDisk Perpetuals Liquidity
• Negative Sentiment: Profit-taking and reporting risk remain: SanDisk and other memory stocks recently weakened in premarket trading after a sharp rally. Analysts cited sell-off risk, elevated expectations and uncertainty ahead of industry earnings, while SanDisk’s reliance on pricing could amplify downside if supply conditions improve. Memory Stocks Extend Premarket Losses

Institutional Investors Weigh In On Sandisk

A number of institutional investors have recently made changes to their positions in the business. PFW Advisors LLC grew its holdings in shares of Sandisk by 4.4% during the 3rd quarter. PFW Advisors LLC now owns 262 shares of the data storage provider's stock valued at $456,000 after purchasing an additional 11 shares during the last quarter. Lake Hills Wealth Management LLC lifted its stake in Sandisk by 16.5% in the third quarter. Lake Hills Wealth Management LLC now owns 438 shares of the data storage provider's stock worth $762,000 after purchasing an additional 62 shares during the last quarter. Glynn Capital Management LLC boosted its position in Sandisk by 64.6% during the third quarter. Glynn Capital Management LLC now owns 6,291 shares of the data storage provider's stock valued at $10,946,000 after buying an additional 2,468 shares during the period. Juncture Wealth Strategies LLC boosted its position in Sandisk by 34.9% during the third quarter. Juncture Wealth Strategies LLC now owns 641 shares of the data storage provider's stock valued at $1,115,000 after buying an additional 166 shares during the period. Finally, Central Pacific Bank Trust Division grew its stake in shares of Sandisk by 18.9% during the third quarter. Central Pacific Bank Trust Division now owns 711 shares of the data storage provider's stock valued at $1,237,000 after buying an additional 113 shares during the last quarter.

Sandisk Price Performance

The stock has a market capitalization of $247.80 billion, a P/E ratio of 23.22, a PEG ratio of 0.17 and a beta of 5.23. The stock has a 50 day moving average price of $1,565.54 and a 200-day moving average price of $1,457.01.

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

Sandisk declared that its Board of Directors has approved a stock repurchase program on Wednesday, August 5th that permits the company to repurchase $14.00 billion in outstanding shares. This repurchase authorization permits the data storage provider to repurchase up to 6.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

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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