Sandisk Corporation (NASDAQ:SNDK) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analyst consensus: Moderate Buy — 24 brokers cover SNDK (15 buy, 2 strong buy, 6 hold, 1 sell) with an average 1‑year price target of $594.48 and several firms raising targets (e.g., Goldman $700, KGI $992, Bank of America $900).
• Big quarterly beat and strong top‑line growth — Sandisk reported EPS $6.20 vs. $3.31 expected and revenue $3.03B vs. $2.67B, a 61.2% year‑over‑year revenue gain, while the stock trades around $702 near its one‑year high.
• Insider and institutional activity — Director Miyuki Suzuki sold 3,500 shares (reducing her stake ~26%), insiders own 0.21% of the stock, and institutions (notably HSBC) materially increased positions in the latest quarter.

Sandisk Corporation (NASDAQ:SNDK - Get Free Report) has been given an average rating of "Moderate Buy" by the twenty-four ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, fifteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $594.4762.

Several brokerages have recently weighed in on SNDK. KGI Securities began coverage on shares of Sandisk in a research note on Wednesday, March 18th. They set an "outperform" rating and a $992.00 target price for the company. The Goldman Sachs Group upped their price objective on Sandisk from $320.00 to $700.00 and gave the company a "buy" rating in a research note on Friday, January 30th. Wells Fargo & Company increased their price objective on Sandisk from $230.00 to $380.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 15th. Raymond James Financial upgraded Sandisk from a "market perform" rating to an "outperform" rating and set a $725.00 target price on the stock in a research note on Friday, January 30th. Finally, Mizuho set a $600.00 target price on Sandisk in a report on Tuesday, January 27th.

Sandisk Stock Down 0.0%

SNDK opened at $702.48 on Wednesday. Sandisk has a one year low of $27.89 and a one year high of $777.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11. The stock has a market capitalization of $103.69 billion and a P/E ratio of -92.55. The business's 50-day simple moving average is $592.97 and its 200-day simple moving average is $334.21.

Sandisk (NASDAQ:SNDK - Get Free Report) last announced its earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.31 by $2.89. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.67 billion. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The firm'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 Sandisk stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the transaction, the director directly owned 9,907 shares in the company, valued at $6,216,939.71. This trade represents a 26.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

Institutional Trading of Sandisk

Hedge funds have recently made changes to their positions in the company. Galaxy Digital Capital Management GP LLC purchased a new stake in shares of Sandisk in the fourth quarter valued at about $1,688,000. Purpose Unlimited Inc. acquired a new stake in Sandisk in the fourth quarter valued at about $237,000. Hsbc Holdings PLC lifted its position in Sandisk by 351.1% in the fourth quarter. Hsbc Holdings PLC now owns 176,439 shares of the data storage provider's stock valued at $41,959,000 after purchasing an additional 246,699 shares during the period. Stance Capital LLC purchased a new stake in Sandisk in the 4th quarter valued at approximately $1,373,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in Sandisk by 2.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,313 shares of the data storage provider's stock valued at $786,000 after purchasing an additional 89 shares in the last quarter.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bank of America raised its price target to $900 and keeps a "buy" rating, reinforcing analyst optimism and giving the stock a clear near‑term upside reference for investors. SanDisk Corp Stock (SNDK) Jumps on a Raised Price Target from a Top Analyst
• Positive Sentiment: Research notes (Zacks) highlight Sandisk’s accelerating data‑center SSD revenue and multi‑year supply deals tied to AI infrastructure, supporting a fundamental growth thesis that could sustain higher multiples if adoption continues. SNDK vs. ADI: Which Semiconductor Stock Has an Edge in Data Centers?
• Positive Sentiment: Bullish retail/independent writeups (InsiderMonkey, Reddit summaries) are circulating a growth/AI thesis that has helped momentum traders and retail buyers remain engaged. Is Sandisk Corporation (SNDK) A Good Stock To Buy Now?
• Neutral Sentiment: Multiple “Is SNDK a buy?” articles (MSN/Zacks/Barron's mentions) are increasing retail interest and search volume; these drive flows but offer mixed conclusions, so they amplify volatility without a clear directional catalyst. Is SanDisk Corporation (SNDK) a good stock to buy now?
• Neutral Sentiment: Multiple short‑interest posts claim a “large increase” in March shorting, but the reported figures show 0 shares and NaN changes — indicating a likely reporting/data error. Treat short‑interest signals as unreliable until corrected.
• Negative Sentiment: Counterpoints argue the stock's multi‑year rally and >100% YTD gains may be overextended absent a sustained AI supercycle; such views increase the risk of a pullback if order momentum or gross‑margin improvement disappoints. SanDisk Stock’s Breakout Looks Overdone—Unless the AI Supercycle Is Real

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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