Sandisk (NASDAQ:SNDK) Price Target Raised to $980.00
by Teresa Graham · The Cerbat GemSandisk (NASDAQ:SNDK – Free Report) had its target price raised by Citigroup from $875.00 to $980.00 in a research report sent to investors on Monday,Benzinga reports. Citigroup currently has a buy rating on the data storage provider’s stock.
A number of other analysts have also recently weighed in on the stock. Barclays raised their target price on shares of Sandisk from $385.00 to $750.00 and gave the stock an “equal weight” rating in a report on Monday, February 2nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $650.00 price objective on shares of Sandisk in a research note on Friday, January 30th. The Goldman Sachs Group raised their price objective on shares of Sandisk from $320.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Cantor Fitzgerald raised their price objective on shares of Sandisk from $800.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Finally, Wedbush raised their price objective on shares of Sandisk from $600.00 to $740.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $684.50.
Check Out Our Latest Research Report on Sandisk
Sandisk Trading Down 5.6%
Shares of NASDAQ:SNDK opened at $891.72 on Monday. The stock has a market capitalization of $131.62 billion, a price-to-earnings ratio of -117.49 and a beta of 5.04. Sandisk has a 1-year low of $28.94 and a 1-year high of $965.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 3.11. The company has a 50 day moving average price of $669.21 and a 200 day moving average price of $405.82.
Sandisk (NASDAQ:SNDK – Get Free Report) last issued its earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $2.89. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Sandisk had a negative net margin of 11.66% and a positive return on equity of 10.11%. The firm’s revenue was up 61.2% compared to the same quarter last year.
Insider Buying and Selling
In related news, Director Miyuki Suzuki sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $627.53, for a total value of $2,196,355.00. Following the completion of the transaction, the director owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. This trade represents a 26.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.
Institutional Investors Weigh In On Sandisk
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNDK. Whittier Trust Co. purchased a new stake in Sandisk in the 4th quarter worth approximately $26,000. Greenline Wealth Management LLC purchased a new stake in Sandisk in the 4th quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Sandisk in the 3rd quarter worth approximately $27,000. Chung Wu Investment Group LLC purchased a new stake in Sandisk in the 4th quarter worth approximately $27,000. Finally, CVA Family Office LLC purchased a new stake in Sandisk in the 3rd quarter worth approximately $28,000.
Key Stories Impacting Sandisk
Here are the key news stories impacting Sandisk this week:
- Positive Sentiment: Nasdaq‑100 inclusion will force index and passive funds to buy SNDK shares, creating a material source of demand ahead of the April 20 entry. The $600 Billion Buy Signal For SanDisk Stock
- Positive Sentiment: Multiple bullish analyst actions (Evercore initiating at Outperform, Jefferies raising its price target, Arete upgrading to strong‑buy) are supporting investor optimism and higher targets. Evercore Initiates Coverage
- Positive Sentiment: Fundamentals/market thesis remain constructive: recent quarterly results beat revenue and EPS expectations and analysts continue to point to accelerating AI/data‑center memory demand. SanDisk Stock Surges 2,739% in 12 Months
- Neutral Sentiment: The stock’s extraordinary run (multi‑thousand percent gains YTD) and heavy media/retail coverage make short‑term flows unpredictable — inclusion and upgrades are positive but already priced to some extent. SanDisk Stock Surges 2,739% — Memory Demand Soars
- Negative Sentiment: Today’s decline aligns with sectorwide profit‑taking: memory names pulled back together as investors locked gains after a historic run, pressuring SNDK intraday. Micron Falls 5%, SanDisk Drops 7%
- Negative Sentiment: Heightened volatility and headline risk (very high beta, heavy retail interest, lingering data‑center demand uncertainties) increase the chance of sharp pullbacks despite positive catalysts. What’s Going On With SanDisk Stock?
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.