Sandisk (NASDAQ:SNDK) Stock Price Expected to Rise, Benchmark Analyst Says

Key Points

• Benchmark raised its price target on Sandisk from $260 to $450 and kept a buy rating, implying about a 16% upside from the current share price.
• Analyst coverage is broadly positive with a MarketBeat consensus of Moderate Buy and a $308.95 average target, while individual targets vary widely (e.g., Sanford C. Bernstein at $580).
• Sandisk reported a quarterly beat—$1.22 EPS vs. $0.58 expected and $2.31B revenue (+22.6% YoY)—and set Q2 2026 guidance of 3.00–3.40 EPS.

Sandisk (NASDAQ:SNDK - Get Free Report) had its price objective boosted by analysts at Benchmark from $260.00 to $450.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the data storage provider's stock. Benchmark's price objective would indicate a potential upside of 16.04% from the stock's current price.

SNDK has been the subject of several other research reports. Royal Bank Of Canada initiated coverage on shares of Sandisk in a research report on Wednesday. They issued a "sector perform" rating and a $400.00 price objective for the company. Wells Fargo & Company increased their price target on shares of Sandisk from $115.00 to $230.00 and gave the company an "equal weight" rating in a research note on Friday, November 7th. Wedbush boosted their price objective on shares of Sandisk from $220.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, November 7th. Sanford C. Bernstein upped their price objective on Sandisk from $300.00 to $580.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Morgan Stanley increased their price objective on Sandisk from $263.00 to $273.00 and gave the company an "overweight" rating in a research report on Monday, November 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $308.95.

Sandisk Stock Down 0.5%

NASDAQ SNDK opened at $387.81 on Thursday. The stock's 50 day simple moving average is $252.01 and its 200 day simple moving average is $143.14. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 2.03. Sandisk has a one year low of $27.89 and a one year high of $401.20. The firm has a market cap of $56.83 billion and a PE ratio of 1,211.91.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.64. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.12 billion. Sandisk's quarterly revenue was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Insider Activity at Sandisk

In related news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total transaction of $248,022.94. Following the completion of the sale, the director directly owned 3,479 shares of the company's stock, valued at $678,892.06. The trade was a 26.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sandisk

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. acquired a new position in shares of Sandisk during the 2nd quarter worth about $317,000. Corient Private Wealth LLC bought a new position in Sandisk during the 2nd quarter worth approximately $353,000. Praxis Investment Management Inc. acquired a new position in Sandisk during the third quarter valued at approximately $533,000. GAMMA Investing LLC acquired a new position in Sandisk during the third quarter valued at approximately $439,000. Finally, Voya Investment Management LLC bought a new stake in Sandisk in the third quarter valued at approximately $8,917,000.

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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