Sandisk (NASDAQ:SNDK) Shares Gap Up on Analyst Upgrade

Sandisk Corporation (NASDAQ:SNDK)’s stock price gapped up prior to trading on Thursday after Cantor Fitzgerald raised their price target on the stock from $800.00 to $1,000.00. The stock had previously closed at $780.90, but opened at $817.08. Cantor Fitzgerald currently has an overweight rating on the stock. Sandisk shares last traded at $817.4360, with a volume of 6,065,657 shares traded.

Other analysts also recently issued research reports about the company. KGI Securities initiated coverage on Sandisk in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $992.00 target price for the company. Sanford C. Bernstein lifted their price target on Sandisk from $300.00 to $580.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 14th. Wedbush lifted their price target on Sandisk from $600.00 to $740.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Wells Fargo & Company lifted their price target on Sandisk from $230.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Finally, Benchmark lifted their price target on Sandisk from $260.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $604.00.

Insider Activity

In other news, Director Miyuki Suzuki sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $627.53, for a total transaction of $2,196,355.00. Following the transaction, the director directly owned 9,907 shares of the company’s stock, valued at approximately $6,216,939.71. The trade was a 26.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

More Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Cantor Fitzgerald raised its price target to $1,000 and kept an Overweight rating, giving the stock more analyst support and signaling ~20% upside from recent levels. Cantor Fitzgerald price-target raise
• Positive Sentiment: Multiple Wall Street firms are boosting targets and bullish scenarios — Bernstein and others have targets as high as $1,250 (and a bull case cited up to $3,000) on stronger NAND pricing and AI data‑center demand, which supports higher upside expectations. Analyst price-targets and bull cases
• Positive Sentiment: Trading interest has refocused on the AI-memory theme and ETF/flow demand for memory names, lifting SNDK to fresh all-time highs as investors rotate back into NAND exposure. AI-memory trade / ETF flows
• Positive Sentiment: NAND price tailwinds and strategic moves (including Sandisk’s subsidiary buying Nanya shares) are being framed as structural drivers for revenue and margin expansion; recent reporting shows ~61% YoY revenue growth that underpins the bullish thesis. NAND pricing and strategic deals
• Neutral Sentiment: Momentum is primarily flow- and sentiment-driven (social media, options activity, ETF flows); that can accelerate gains but also makes near-term moves more dependent on trading flows than fundamentals. Flow and social commentary
• Neutral Sentiment: Large institutional rebalancing is visible in filings (some big holders trimmed positions in Q4), which could mean ongoing volatility as funds rotate in/out of the name. Institutional activity
• Negative Sentiment: Insider selling has occurred recently (two open‑market sales reported), which some investors view as a cautionary sign amid the rally. Insider transactions
• Negative Sentiment: Cautionary voices warn the rally may be stretched and vulnerable to pullbacks if NAND pricing or AI capex sentiment cools — a reminder to manage position size and protect gains. Cautionary view

Hedge Funds Weigh In On Sandisk

Several hedge funds have recently made changes to their positions in SNDK. Whittier Trust Co. purchased a new position in shares of Sandisk during the fourth quarter valued at approximately $26,000. Greenline Wealth Management LLC purchased a new stake in Sandisk in the fourth quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Sandisk in the third quarter worth $27,000. Chung Wu Investment Group LLC purchased a new stake in Sandisk in the fourth quarter worth $27,000. Finally, CVA Family Office LLC purchased a new stake in Sandisk in the third quarter worth $28,000.

Sandisk Stock Performance

The company has a market capitalization of $123.53 billion, a PE ratio of -110.32 and a beta of 5.04. The company has a 50 day moving average of $640.59 and a two-hundred day moving average of $377.95. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.11 and a quick ratio of 1.92.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, January 29th. The data storage provider reported $6.20 earnings per share for the quarter, topping the consensus estimate of $3.31 by $2.89. The company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Sandisk had a positive return on equity of 10.11% and a negative net margin of 11.66%.The firm’s revenue was up 61.2% on a year-over-year basis.

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.