Wells Fargo & Company Boosts Sandisk (NASDAQ:SNDK) Price Target to $1,250.00

Key Points

• Wells Fargo raised its Sandisk price target from $975 to $1,250 while keeping an "equal weight" rating, implying roughly a 13.98% upside from the recent price.
• Sandisk reported blowout Q3 results — revenue jumped about 251% YoY to $5.95B and EPS was $23.41, backed by strong guidance, multi‑year supply contracts and a $6B share buyback that improve revenue visibility and shareholder returns.
• Wall Street views are mixed (consensus "Moderate Buy" with widely varying targets), and the stock faces near‑term volatility and valuation risk after a parabolic run and recent profit‑taking.

Sandisk (NASDAQ:SNDK - Get Free Report) had its price objective upped by investment analysts at Wells Fargo & Company from $975.00 to $1,250.00 in a report released on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the data storage provider's stock. Wells Fargo & Company's price target suggests a potential upside of 13.98% from the company's current price.

A number of other equities analysts also recently issued reports on SNDK. UBS Group set a $1,000.00 target price on Sandisk in a research note on Monday, February 2nd. KGI Securities began coverage on Sandisk in a research note on Wednesday, March 18th. They set an "outperform" rating and a $992.00 target price for the company. Evercore reissued an "outperform" rating and set a $1,400.00 target price on shares of Sandisk in a research note on Friday. Citigroup reaffirmed a "buy" rating on shares of Sandisk in a research note on Friday. Finally, Cantor Fitzgerald raised their price objective on Sandisk from $1,400.00 to $1,800.00 and gave the company an "overweight" rating in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $955.33.

Sandisk Stock Performance

SNDK traded up $0.15 on Friday, hitting $1,096.66. 11,789,585 shares of the company traded hands, compared to its average volume of 18,423,713. The company has a 50 day moving average of $753.17 and a 200-day moving average of $469.58. The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $161.87 billion, a PE ratio of -145.15 and a beta of 5.04. Sandisk has a 12-month low of $33.05 and a 12-month high of $1,153.43.

Sandisk (NASDAQ:SNDK - Get Free Report) last issued its earnings results 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. The business had revenue of $5.95 billion during the quarter. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The business's quarterly revenue was up 251.0% on a year-over-year basis. During the same period last year, the company posted ($0.30) earnings per share. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. Sell-side analysts anticipate that Sandisk will post 47.19 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Sandisk

A number of large investors have recently bought and sold shares of the stock. Simplicity Wealth LLC acquired a new stake in Sandisk during the 1st quarter valued at $303,000. Conning Inc. acquired a new stake in Sandisk during the 1st quarter valued at $235,000. Sequoia Financial Advisors LLC grew its holdings in Sandisk by 14.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,475 shares of the data storage provider's stock valued at $3,478,000 after buying an additional 703 shares during the last quarter. Cedar Mountain Advisors LLC grew its holdings in Sandisk by 2,750.0% during the 1st quarter. Cedar Mountain Advisors LLC now owns 57 shares of the data storage provider's stock valued at $36,000 after buying an additional 55 shares during the last quarter. Finally, Roman Butler Fullerton & Co. acquired a new stake in Sandisk during the 1st quarter valued at $281,000.

Trending Headlines about 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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