Sandisk (NASDAQ:SNDK) Given New $740.00 Price Target at Wedbush

Sandisk (NASDAQ:SNDK) had its target price boosted by stock analysts at Wedbush from $600.00 to $740.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the data storage provider’s stock. Wedbush’s target price indicates a potential upside of 20.41% from the stock’s current price.

A number of other analysts have also weighed in on SNDK. Mizuho set a $600.00 target price on Sandisk in a research note on Tuesday. UBS Group reiterated a “buy” rating on shares of Sandisk in a report on Friday. Wells Fargo & Company raised their target price on shares of Sandisk from $230.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Morgan Stanley set a $690.00 price target on Sandisk in a report on Friday. Finally, JPMorgan Chase & Co. began coverage on Sandisk in a research report on Monday, December 8th. They set a “neutral” rating and a $235.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $490.60.

Sandisk Trading Up 14.0%

Shares of SNDK traded up $75.25 during midday trading on Friday, hitting $614.55. The stock had a trading volume of 12,949,968 shares, compared to its average volume of 15,991,085. The stock’s 50 day moving average is $301.35 and its 200 day moving average is $174.97. The firm has a market cap of $90.06 billion and a PE ratio of 1,920.47. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 2.03. Sandisk has a 1 year low of $27.89 and a 1 year high of $676.69.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, November 6th. The data storage provider reported $1.22 EPS for the quarter, beating the consensus estimate of $0.58 by $0.64. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.12 billion. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Insiders Place Their Bets

In other Sandisk news, Director Necip Sayiner sold 1,271 shares of Sandisk stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total value of $248,022.94. Following the transaction, the director owned 3,479 shares in the company, valued at $678,892.06. The trade was a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. purchased a new stake in Sandisk during the third quarter valued at approximately $1,970,388,000. State Street Corp acquired a new position in shares of Sandisk during the third quarter worth $491,053,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Sandisk during the 3rd quarter valued at $297,293,000. Bank of America Corp DE acquired a new stake in shares of Sandisk in the 3rd quarter worth $190,425,000. Finally, AQR Capital Management LLC purchased a new position in Sandisk during the 3rd quarter worth $163,057,000.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Blowout Q2 results — Sandisk reported a large earnings and revenue beat, driven by AI/data‑center demand and better product mix; the quarter showed sharp profit growth. Sandisk Reports Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: Blockbuster Q3 guidance — management guided materially above Street expectations for the next quarter (revenue guidance in the ~$4.4–4.8B area and double‑digit EPS guidance), signaling continued AI-driven demand and margin improvement. That guidance is the main driver of the overnight rally. SanDisk (SNDK) Stock: Flash Storage Demand Powers Historic Earnings Surge
• Positive Sentiment: Supply visibility extended — Sandisk and Kioxia extended their Yokkaichi joint‑venture agreement through 2034, securing NAND manufacturing capacity at a crucial time for AI customers. That reduces supply risk and supports upside to revenue and margins. Kioxia and Sandisk Extend Yokkaichi Joint Venture Agreement Through 2034
• Positive Sentiment: Analyst upgrade — Mizuho raised its price target substantially (to $600), citing NAND pricing tailwinds and AI demand, adding institutional momentum behind the move. Mizuho Raises SanDisk (SNDK) PT, Cites Massive NAND Pricing Tailwinds, AI Demand
• Neutral Sentiment: Macro context — broader U.S. futures weakness and market attention around policy headlines are creating a mixed backdrop; SNDK’s move is company‑specific but could be influenced by overall market sentiment. Stock Market Today: Nasdaq, S&P 500 Futures Decline As Investors Await Trump’s New Fed Chair Pick— SanDisk, Deckers, Robinhood In Focus
• Negative Sentiment: Valuation and volatility risk — rapid price gains, heavy options/leveraged activity and an outsized run-up year‑to‑date raise the risk of sharp pullbacks if guidance execution or NAND pricing proves softer than expected. Investors should weigh high short‑term upside versus elevated implied volatility. Sandisk Leverage And Options Activity Reframe Valuation And Volatility Profile

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.