Sandisk Corporation (NASDAQ:SNDK - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $121.12, but opened at $128.69. Sandisk shares last traded at $126.76, with a volume of 3,390,658 shares trading hands.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on SNDK shares. Morgan Stanley boosted their price objective on Sandisk from $70.00 to $96.00 and gave the company an "overweight" rating in a research note on Thursday, September 11th. Arete Research set a $63.00 price objective on Sandisk in a research note on Monday, June 9th. Citigroup boosted their price objective on Sandisk from $80.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Arete started coverage on Sandisk in a research note on Monday, June 9th. They issued a "neutral" rating and a $63.00 price objective on the stock. Finally, Benchmark boosted their price objective on Sandisk from $85.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $77.50.
Check Out Our Latest Report on Sandisk
Sandisk Price Performance
The firm has a fifty day simple moving average of $62.74 and a two-hundred day simple moving average of $48.65. The company has a current ratio of 3.56, a quick ratio of 2.11 and a debt-to-equity ratio of 0.20.
Institutional Investors Weigh In On Sandisk
Institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. purchased a new stake in shares of Sandisk during the second quarter worth $317,000. Corient Private Wealth LLC purchased a new stake in shares of Sandisk during the second quarter worth $353,000. Finally, Praxis Investment Management Inc. purchased a new stake in shares of Sandisk during the third quarter worth $533,000.
About Sandisk
(
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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.
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