Sandisk (NASDAQ:SNDK) Sets New 52-Week High – Still a Buy?

Sandisk Corporation (NASDAQ:SNDK) hit a new 52-week high during trading on Monday . The stock traded as high as $285.00 and last traded at $275.02, with a volume of 3971169 shares. The stock had previously closed at $275.24.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: NVIDIA CEO Jensen Huang flagged AI data storage as a “completely unserved market,” boosting investor enthusiasm that demand for enterprise SSDs will surge and support higher prices and volumes for suppliers like SanDisk. SanDisk Trending After Nvidia CEO Jensen Huang Flags Memory As Major ‘Unserved Market’ With Surging Demand And Prices
• Positive Sentiment: Market research expects sharp NAND price hikes (TrendForce forecasts +33–38% q/q in Q1 for NAND contract prices), which would materially lift SanDisk’s revenue and margins if realized. This research underpins the trading rally. SanDisk Pops 27% As NVIDIA CEO Talks Up AI Storage Market
• Positive Sentiment: Bank of America reiterated a Buy and raised its price target to $390, signaling analyst conviction that SanDisk will capture AI-driven SSD demand and giving institutional buyers cover to add shares. SanDisk: Strengthening NAND Leadership for AI Workloads Drives Upside Potential and Raised $390 Price Target
• Positive Sentiment: Product momentum: SanDisk unveiled a rebrand/new “Optimus” SSD lineup at CES (WD_Black becomes Sandisk Optimus), a visible commercial push that may help win OEM and data-center design engagements. Sandisk stock rallies on CES debut of new ‘Optimus’ SSD line
• Neutral Sentiment: Options and momentum flows show heavy speculative and institutional positioning around SNDK — that can amplify moves in either direction and increase volatility. What the Options Market Tells Us About SanDisk
• Negative Sentiment: Valuation concerns: several analysts and commentary note SNDK’s run (many-hundred-percent gains) may have outpaced fundamentals, raising the risk of a pullback if NAND price forecasts disappoint or sentiment shifts. SanDisk stock: maybe it has gotten ahead of itself after all

Analyst Upgrades and Downgrades

SNDK has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Sandisk from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 27th. Fox Advisors raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Zacks Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. JPMorgan Chase & Co. began coverage on Sandisk in a research note on Monday, December 8th. They issued a “neutral” rating and a $235.00 price target for the company. Finally, Wells Fargo & Company boosted their price objective on Sandisk from $115.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Three investment 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 given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $218.33.

Sandisk Price Performance

The company’s 50 day moving average price is $231.71 and its 200-day moving average price is $130.08. The stock has a market cap of $51.24 billion and a P/E ratio of 1,092.59. The company has a quick ratio of 2.03, a current ratio of 3.29 and a debt-to-equity ratio of 0.14.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings data on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.64. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.12 billion. Sandisk’s revenue for the quarter 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 news, Director Necip Sayiner sold 1,271 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 3,479 shares in the company, valued at $678,892.06. This trade represents a 26.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.21% of the company’s stock.

Institutional Trading of Sandisk

Institutional investors have recently added to or reduced their stakes in the stock. Park Avenue Securities LLC bought a new position in Sandisk during the 4th quarter worth approximately $453,000. GAMMA Investing LLC boosted its stake in shares of Sandisk by 3.2% in the 4th quarter. GAMMA Investing LLC now owns 4,042 shares of the data storage provider’s stock valued at $959,000 after purchasing an additional 126 shares during the last quarter. AIA Group Ltd acquired a new stake in shares of Sandisk during the third quarter worth $1,339,000. Allworth Financial LP acquired a new stake in shares of Sandisk during the third quarter worth $275,000. Finally, IFP Advisors Inc bought a new position in Sandisk during the third quarter worth $112,000.

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.