Benchmark Issues Positive Forecast for Sandisk (NASDAQ:SNDK) Stock Price

Sandisk (NASDAQ:SNDK) had its target price boosted by analysts at Benchmark from $260.00 to $450.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the data storage provider’s stock. Benchmark’s price target suggests a potential upside of 16.04% from the stock’s current price.

Other analysts also recently issued reports about the stock. Mizuho raised their target price on shares of Sandisk from $250.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Susquehanna increased their price objective on shares of Sandisk from $250.00 to $300.00 and gave the stock a “positive” rating in a research report on Monday, December 8th. China Renaissance assumed coverage on shares of Sandisk in a research report on Friday, December 5th. They issued a “buy” rating and a $322.00 price objective on the stock. Citigroup increased their target price on Sandisk from $150.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Wall Street Zen downgraded Sandisk from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $308.95.

Sandisk Stock Down 0.5%

NASDAQ:SNDK opened at $387.81 on Thursday. Sandisk has a 1 year low of $27.89 and a 1 year high of $401.20. The company has a current ratio of 3.29, a quick ratio of 2.03 and a debt-to-equity ratio of 0.14. The stock has a market cap of $56.83 billion and a price-to-earnings ratio of 1,211.91. The stock has a 50-day moving average price of $252.01 and a two-hundred day moving average price of $143.14.

Sandisk (NASDAQ:SNDK) last released its quarterly earnings results on Thursday, November 6th. The data storage provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.64. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.12 billion. The firm’s quarterly 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 Activity

In related news, Director Necip Sayiner sold 1,271 shares of the company’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 sale, the director owned 3,479 shares in the company, valued at approximately $678,892.06. This represents a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Sandisk during the 3rd quarter worth approximately $27,000. CVA Family Office LLC acquired a new position in Sandisk during the third quarter worth $28,000. Parallel Advisors LLC bought a new stake in Sandisk during the third quarter worth $30,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Sandisk in the third quarter valued at $32,000. Finally, Covestor Ltd acquired a new stake in Sandisk in the third quarter valued at $37,000.

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. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.