Sandisk (NASDAQ:SNDK) Price Target Raised to $1,800.00

Key Points

• Cantor Fitzgerald raised its price target to $1,800 (from $1,400) and carries an "overweight" rating, implying roughly a 64% upside, though analyst targets vary widely with a MarketBeat average of $955.33.
• SanDisk reported a blowout quarter with $5.95B revenue (+251% YoY) and EPS $23.41 vs. $14.17 expected, backed by multi‑year contracts, very strong forward guidance (Q4 EPS ~30.00–33.00) and a $6B share buyback with zero net debt.
• Despite the strong fundamentals, the stock has seen a parabolic run and faces near‑term volatility and valuation risk as investors engage in profit‑taking and options show large implied moves.

Sandisk (NASDAQ:SNDK - Get Free Report) had its target price lifted by research analysts at Cantor Fitzgerald from $1,400.00 to $1,800.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the data storage provider's stock. Cantor Fitzgerald's price target indicates a potential upside of 64.13% from the stock's previous close.

A number of other analysts also recently weighed in on the stock. Raymond James Financial reissued an "outperform" rating and set a $1,470.00 price target on shares of Sandisk in a research report on Friday. Morgan Stanley reissued an "overweight" rating and set a $1,100.00 price target on shares of Sandisk in a research report on Monday. Royal Bank Of Canada reissued a "sector perform" rating and set a $650.00 price target on shares of Sandisk in a research report on Friday, January 30th. Bank of America raised their price target on shares of Sandisk from $900.00 to $1,080.00 and gave the stock a "buy" rating in a research report on Friday, April 17th. Finally, Evercore reissued an "outperform" rating and set a $1,400.00 price target on shares of Sandisk in a research report on Friday. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $955.33.

Sandisk Stock Up 0.0%

Shares of SNDK traded up $0.15 during mid-day trading on Friday, reaching $1,096.66. 11,789,585 shares of the stock traded hands, compared to its average volume of 18,423,713. The firm has a market cap of $161.87 billion, a price-to-earnings ratio of -144.49 and a beta of 5.04. The stock has a fifty day simple moving average of $753.17 and a 200 day simple moving average of $469.58. Sandisk has a 12-month low of $33.05 and a 12-month high of $1,153.43. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $14.17 by $9.24. The company had revenue of $5.95 billion for the quarter. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The company's revenue for the quarter was up 251.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Sell-side analysts expect that Sandisk will post 47.19 EPS for the current fiscal year.

Insider Transactions at Sandisk

In other Sandisk news, Director Miyuki Suzuki sold 3,500 shares of the firm's stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total value of $2,196,355.00. Following the sale, the director directly owned 9,907 shares in the company, valued at approximately $6,216,939.71. This trade represents a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.21% of the company's stock.

Institutional Investors Weigh In On Sandisk

Hedge funds have recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. raised its stake in shares of Sandisk by 12.0% during the first quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider's stock valued at $77,000 after purchasing an additional 13 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Sandisk by 0.3% during the fourth quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider's stock valued at $1,255,000 after purchasing an additional 17 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Sandisk by 20.2% during the fourth quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider's stock valued at $52,000 after purchasing an additional 37 shares in the last quarter. Composition Wealth LLC raised its stake in shares of Sandisk by 0.4% during the fourth quarter. Composition Wealth LLC now owns 10,299 shares of the data storage provider's stock valued at $2,445,000 after purchasing an additional 41 shares in the last quarter. Finally, Westfuller Advisors LLC raised its stake in shares of Sandisk by 51.8% during the fourth quarter. Westfuller Advisors LLC now owns 126 shares of the data storage provider's stock valued at $30,000 after purchasing an additional 43 shares in the last quarter.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Blowout Q3 results — revenue surged ~251% YoY to $5.95B and adjusted EPS $23.41 well above estimates, driven by datacenter demand and pricing. Sandisk tops Q3 estimates on strong datacenter demand, pricing gains
• Positive Sentiment: Very strong forward guide: Q4 revenue and EPS guidance materially above Street expectations and management says gross margins will remain extremely high — supports upside to near‑term estimates. Sandisk Q3 Earnings: The Business Model Is Evolving, And It Changes The Story
• Positive Sentiment: Business model shift and contracts: company disclosed multiple multi‑year supply agreements (billions in committed demand) that improve revenue visibility and reduce cyclicality. Sandisk has thumping quarter on AI boom, secures long-term contracts and unveils big buyback
• Positive Sentiment: Capital return and balance sheet: $6B share buyback authorized and zero net debt — boosts EPS leverage and supports shareholder returns. SanDisk Q3 earnings coverage
• Neutral Sentiment: Analyst reactions: multiple firms raised price targets after the report, reflecting higher modeled cash flows, but targets vary widely given the stock's recent move. Wall Street revises Sandisk stock price target
• Neutral Sentiment: Broader market tailwinds: Nasdaq and S&P strength on tech earnings/M&A is supporting demand for high‑beta AI/semiconductor names including SNDK. Nasdaq Composite Takes Off as Tech Bulls Retake Control on Strong Earnings, M&A
• Negative Sentiment: “Sell‑the‑news” and profit‑taking: despite the stellar numbers, shares fell as investors locked gains after a parabolic run (thousands of percent YTD), and options show high implied move — near‑term volatility likely. Sandisk stock falls despite strong earnings report as investors 'sell the news' after powerful rally
• Negative Sentiment: Valuation and technical risk: SNDK has run extremely hard (multi‑thousand percent year), prompting warnings of overvaluation and potential sharp pullbacks; traders should expect consolidation. SanDisk Looks Overvalued, Stock Set for 32% Drop

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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