Sandisk (NASDAQ:SNDK) Price Target Raised to $300.00 at Susquehanna

Sandisk (NASDAQ:SNDK) had its price objective hoisted by research analysts at Susquehanna from $250.00 to $300.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “positive” rating on the data storage provider’s stock. Susquehanna’s price objective points to a potential upside of 33.08% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. UBS Group reiterated an “overweight” rating and set a $230.00 price target on shares of Sandisk in a research report on Monday, November 3rd. Citigroup upped their target price on shares of Sandisk from $150.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Morgan Stanley increased their target price on shares of Sandisk from $263.00 to $273.00 and gave the stock an “overweight” rating in a research note on Monday, November 24th. Wells Fargo & Company boosted their price target on shares of Sandisk from $115.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Finally, Wedbush upped their price target on shares of Sandisk from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $213.33.

Sandisk Stock Performance

Shares of NASDAQ:SNDK traded down $3.05 during trading on Monday, hitting $225.42. 2,255,109 shares of the company were exchanged, compared to its average volume of 5,718,465. Sandisk has a 52-week low of $27.89 and a 52-week high of $284.76. The stock has a 50 day moving average of $186.71 and a 200 day moving average of $99.04. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 2.03. The company has a market cap of $33.04 billion and a PE ratio of 704.44.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.64. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.12 billion. The company’s 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 Buying and Selling at Sandisk

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total transaction of $248,022.94. Following the transaction, the director directly owned 3,479 shares of the company’s stock, valued at approximately $678,892.06. This trade represents a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Institutional Trading of Sandisk

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. bought a new position in shares of Sandisk during the third quarter valued at about $1,970,388,000. State Street Corp bought a new stake in shares of Sandisk in the 3rd quarter valued at about $491,053,000. Arrowstreet Capital Limited Partnership bought a new position in Sandisk during the 3rd quarter worth approximately $297,293,000. Bank of America Corp DE purchased a new position in Sandisk in the 3rd quarter worth approximately $190,425,000. Finally, AQR Capital Management LLC bought a new stake in Sandisk in the third quarter valued at approximately $163,057,000.

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.