Sandisk (NASDAQ:SNDK) Sets New 1-Year High on Analyst Upgrade

Key Points

• Shares of Sandisk hit a new 52-week high after Royal Bank of Canada raised its price target from $650 to $1,000 and multiple analysts issued upgrades, leaving a MarketBeat consensus of "Moderate Buy" with a $1,011.05 target.
• Sandisk reported a blowout quarter with EPS of $23.41 vs. $14.17 expected and revenue of $5.95 billion (a 251% year‑over‑year increase), and set Q4 2026 EPS guidance of $30.00–$33.00.
• A company director sold 3,500 shares at an average price of $627.53 (reducing their holding by 26%), leaving insiders with just 0.21% ownership, while several institutional investors added small new positions.

Shares of Sandisk Corporation (NASDAQ:SNDK - Get Free Report) hit a new 52-week high on Monday after Royal Bank Of Canada raised their price target on the stock from $650.00 to $1,000.00. Royal Bank Of Canada currently has a sector perform rating on the stock. Sandisk traded as high as $1,206.00 and last traded at $1,223.0250, with a volume of 1047324 shares traded. The stock had previously closed at $1,187.00.

Several other analysts have also recently weighed in on the company. Wall Street Zen upgraded Sandisk from a "buy" rating to a "strong-buy" rating in a report on Saturday, January 31st. UBS Group set a $1,000.00 target price on shares of Sandisk in a research report on Monday, February 2nd. Evercore reissued an "outperform" rating and set a $1,400.00 target price on shares of Sandisk in a report on Friday. Arete Research upgraded shares of Sandisk from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 13th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $1,200.00 price target on shares of Sandisk in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Sandisk has an average rating of "Moderate Buy" and a consensus target price of $1,011.05.

Insider Buying and Selling at Sandisk

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 transaction of $2,196,355.00. Following the completion of the transaction, the director owned 9,907 shares of the company's stock, valued at $6,216,939.71. This trade represents a 26.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sandisk

Several institutional investors have recently modified their holdings of SNDK. Whittier Trust Co. bought a new position in Sandisk during the fourth quarter valued at about $26,000. Greenline Wealth Management LLC purchased a new stake in Sandisk in the fourth quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Sandisk in the third quarter valued at $27,000. Chung Wu Investment Group LLC bought a new stake in shares of Sandisk in the fourth quarter valued at approximately $27,000. Finally, CVA Family Office LLC purchased a new stake in shares of Sandisk during the 3rd quarter valued at approximately $28,000.

Sandisk Trading Up 4.6%

The firm has a 50-day simple moving average of $753.17 and a 200-day simple moving average of $474.35. The company has a quick ratio of 3.62, a current ratio of 4.78 and a debt-to-equity ratio of 0.06. The stock has a market cap of $183.29 billion, a PE ratio of 43.07 and a beta of 4.82.

Sandisk (NASDAQ:SNDK - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business had revenue of $5.95 billion for the quarter. During the same period last year, the company posted ($0.30) EPS. The business's revenue for the quarter was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Equities analysts forecast that Sandisk Corporation will post 47.45 earnings per share for the current year.

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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