Sandisk (NASDAQ:SNDK) Price Target Raised to $1,000.00

Key Points

• Mizuho raised its price target on Sandisk to $1,000 (from $710) and maintained an "outperform" rating, joining other firms that have lifted targets—yet the MarketBeat consensus remains a "Moderate Buy" with an average target of $623.05.
• Shares traded near all-time highs (opened at $851.57) after a strong quarter that beat estimates—EPS $6.20 vs. $3.31 and revenue $3.03B (up 61.2% YoY)—helping push market cap to about $125.7B.
• Analyst optimism is driven by robust NAND pricing and AI data-center demand, but some caution is warranted due to stretched valuations and recent insider selling (Director Miyuki Suzuki sold 3,500 shares).

Sandisk (NASDAQ:SNDK - Get Free Report) had its price target increased by equities research analysts at Mizuho from $710.00 to $1,000.00 in a report issued on Friday. The brokerage currently has an "outperform" rating on the data storage provider's stock. Mizuho's price objective indicates a potential upside of 17.43% from the stock's previous close.

A number of other equities research analysts have also weighed in on SNDK. Raymond James Financial upgraded shares of Sandisk from a "market perform" rating to an "outperform" rating and set a $725.00 price objective for the company in a report on Friday, January 30th. The Goldman Sachs Group upped their target price on shares of Sandisk from $320.00 to $700.00 and gave the stock a "buy" rating in a research note on Friday, January 30th. Wells Fargo & Company lifted their price target on shares of Sandisk from $230.00 to $380.00 and gave the company an "equal weight" rating in a research note on Thursday, January 15th. Morgan Stanley set a $690.00 price target on Sandisk in a report on Friday, January 30th. Finally, UBS Group set a $1,000.00 price objective on Sandisk in a research note on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Sandisk currently has a consensus rating of "Moderate Buy" and a consensus price target of $623.05.

Sandisk Stock Performance

Shares of Sandisk stock opened at $851.57 on Friday. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06. The stock's fifty day moving average is $646.84 and its two-hundred day moving average is $381.23. Sandisk has a 52 week low of $28.27 and a 52 week high of $855.00. The company has a market capitalization of $125.69 billion, a PE ratio of -112.20 and a beta of 5.04.

Sandisk (NASDAQ:SNDK - Get Free Report) last released its earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, topping the consensus estimate of $3.31 by $2.89. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.67 billion. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The firm's revenue for the quarter was up 61.2% on a year-over-year basis.

Insider Buying and Selling

In other news, Director Miyuki Suzuki sold 3,500 shares of the business's stock in a transaction dated 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 completion of the sale, the director owned 9,907 shares in the company, valued at approximately $6,216,939.71. The trade was a 26.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.21% of the company's stock.

Hedge Funds Weigh In On Sandisk

Institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. bought a new position in Sandisk in the second quarter worth approximately $317,000. Corient Private Wealth LLC bought a new stake in Sandisk during the 2nd quarter valued at $353,000. Praxis Investment Management Inc. purchased a new position in shares of Sandisk in the 3rd quarter valued at $533,000. GAMMA Investing LLC purchased a new position in shares of Sandisk in the 3rd quarter valued at $439,000. Finally, Voya Investment Management LLC bought a new position in shares of Sandisk in the 3rd quarter worth $8,917,000.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Bernstein and other analysts are projecting material upside tied to strong NAND pricing and AI data-center demand; Bernstein’s call (and related analyst enthusiasm) is a major catalyst lifting sentiment. Bernstein Sees 47% Upside In SanDisk Stock On Strong NAND Pricing
• Positive Sentiment: One analyst’s $1,250 target frames SanDisk as a “pure-play” NAND beneficiary of the AI boom, reinforcing the narrative that SNDK is a primary allocator for AI storage demand. Analyst's $1,250 Call Makes Sandisk the AI Boom's Pure-Play NAND Winner
• Positive Sentiment: Price-target upgrades (Cantor Fitzgerald bump to $1,000 and others) and buy/outperform notes from multiple banks are fuelling flows into SNDK and underpinning momentum. Cantor Fitzgerald price target raise (Benzinga)
• Positive Sentiment: Coverage pieces highlight AI-memory tailwinds and ETF/flow-driven interest (S&P winners coverage and trade-focused stories), helping push SNDK to fresh highs as investors rotate into memory names. Intel, Sandisk and Other Big Winners in the S&P 500's Hot Streak
• Neutral Sentiment: Media reports note SanDisk’s extraordinary YTD performance and recognition on best-performing blue‑chip/profitability lists — positive PR but largely descriptive rather than new fundamental news. Is Sandisk Corporation (SNDK) The Most Profitable Stock So Far In 2026?
• Neutral Sentiment: Articles documenting all-time highs and rally context summarize momentum; they reinforce attention but don’t add new driver data beyond analyst calls and NAND pricing. Sandisk (SNDK) Hits All-Time High on 25% PT Hike, Ahead of Q1 Earnings
• Negative Sentiment: Some analysts and commentators warn of stretched valuations and potential pullbacks after the rapid run; this increases downside risk if NAND pricing or AI demand softens. SanDisk Stock (SNDK) Opinions on AI Memory Demand Rally
• Negative Sentiment: Separately, cautionary takes (e.g., Seeking Alpha) advise not to chase the cycle; recent insider sales and large institutional reweights noted in some data summaries are additional items investors should monitor. Sandisk: I'm Not Chasing This Cycle - Not Here

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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