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

Key Points

• Susquehanna raised its price target on Sandisk to $3,250 from $2,000 and kept a positive rating, implying nearly 95% upside from the prior close.
• Other analysts have also turned constructive on SNDK, with several firms issuing buy/outperform ratings and the broader consensus remaining a Buy with an average target of $1,368.73.
• Sandisk recently posted strong earnings, beating estimates with $23.41 EPS and 251% revenue growth year over year, while the stock has surged to around $1,666 amid heavy interest in AI-driven memory demand.

Sandisk (NASDAQ:SNDK - Get Free Report) had its price objective raised by stock analysts at Susquehanna from $2,000.00 to $3,250.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "positive" rating on the data storage provider's stock. Susquehanna's target price would indicate a potential upside of 95.03% from the company's previous close.

SNDK has been the topic of a number of other reports. 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 note on Friday, April 17th. The Goldman Sachs Group restated a "buy" rating and issued a $1,200.00 target price on shares of Sandisk in a research note on Friday, May 1st. Raymond James Financial reaffirmed an "outperform" rating and set a $1,470.00 price target on shares of Sandisk in a research note on Friday, May 1st. Morgan Stanley reiterated an "overweight" rating and issued a $1,100.00 price target on shares of Sandisk in a report on Monday, April 27th. Finally, Mizuho increased their price objective on Sandisk from $1,625.00 to $1,825.00 and gave the stock an "outperform" rating in a research note on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Sandisk presently has a consensus rating of "Buy" and a consensus price target of $1,368.73.

Sandisk Price Performance

Shares of SNDK traded up $24.75 during mid-day trading on Friday, reaching $1,666.39. 2,635,846 shares of the company's stock traded hands, compared to its average volume of 17,686,559. The stock's 50-day moving average is $1,054.51 and its two-hundred day moving average is $637.32. Sandisk has a 12 month low of $36.21 and a 12 month high of $1,708.83. The stock has a market cap of $246.78 billion, a P/E ratio of 57.61 and a beta of 4.82.

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. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $5.95 billion during the quarter. During the same quarter in the previous year, the firm earned ($0.30) EPS. Sandisk's revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Research analysts predict that Sandisk will post 63.58 earnings per share for the current year.

Insider Buying and Selling at Sandisk

In related news, CAO Michael Pokorny sold 2,446 shares of the business's stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the transaction, the chief accounting officer directly owned 22,375 shares in the company, valued at $31,910,777.50. The trade was a 9.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Necip Sayiner sold 579 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the sale, the director owned 2,900 shares of the company's stock, valued at approximately $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SNDK. Vanguard Group Inc. acquired a new position in Sandisk in the 3rd quarter worth approximately $1,970,388,000. State Street Corp purchased a new stake in shares of Sandisk in the 3rd quarter valued at $491,053,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Sandisk in the third quarter worth $297,293,000. Norges Bank purchased a new position in shares of Sandisk during the fourth quarter worth $518,889,000. Finally, Bank of America Corp DE purchased a new position in shares of Sandisk during the third quarter worth $190,425,000.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Barclays upgraded Sandisk and turned more bullish on the stock, adding to optimism that memory-demand trends can drive further upside. Barclays upgrades SanDisk (SNDK)
• Positive Sentiment: Mizuho reiterated a Buy rating and raised its price target, signaling continued analyst confidence in Sandisk’s earnings and AI storage opportunity. Mizuho Securities Keeps Their Buy Rating on SanDisk Corp (SNDK)
• Positive Sentiment: Sandisk and other memory stocks continued to benefit from broader semiconductor price-target hikes, which helped extend the rally across the group. Micron, SanDisk score price-target hikes, continue advance
• Positive Sentiment: The company’s CTO said the global AI race depends heavily on memory rather than compute, highlighting why Sandisk’s products are in a strong strategic position. Sandisk Corporation CTO: Global AI Race Hinges on Memory Rather Than Compute
• Positive Sentiment: Investor coverage continues to frame Sandisk as a major AI-memory beneficiary, with commentary pointing to strong revenue growth, pricing power, and contract wins. Sandisk Rockets 4000% on AI Memory Boom

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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