Sandisk (NASDAQ:SNDK) Coverage Initiated at Argus

Argus began coverage on shares of Sandisk (NASDAQ:SNDK) in a research note issued on Wednesday. The firm set a “hold” rating on the data storage provider’s stock.

A number of other research firms have also weighed in on SNDK. Royal Bank Of Canada upped their target price on shares of Sandisk from $650.00 to $1,000.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Arete Research upgraded shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Wedbush boosted their price target on shares of Sandisk from $1,200.00 to $2,000.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Raymond James Financial reissued an “outperform” rating and issued a $1,470.00 price objective on shares of Sandisk in a research report on Friday, May 1st. Finally, UBS Group set a $1,700.00 price objective on shares of Sandisk in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Sandisk has a consensus rating of “Moderate Buy” and a consensus target price of $1,803.29.

Sandisk Price Performance

SNDK opened at $1,757.82 on Wednesday. Sandisk has a 12 month low of $40.10 and a 12 month high of $2,354.39. The stock has a market capitalization of $260.32 billion, a price-to-earnings ratio of 61.10 and a beta of 4.74. The business has a fifty day moving average price of $1,744.88 and a 200 day moving average price of $1,022.55.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share for the quarter, topping the consensus estimate of $14.17 by $9.24. The company had revenue of $5.95 billion for the quarter. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.Sandisk’s revenue for the quarter was up 251.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.30) EPS. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, research analysts anticipate that Sandisk will post 64.95 earnings per share for the current year.

Insider Activity at Sandisk

In other news, CAO Michael Pokorny sold 2,446 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the completion of the sale, the chief accounting officer owned 22,375 shares in the company, valued at approximately $31,910,777.50. The trade was a 9.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Necip Sayiner sold 579 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total transaction of $870,300.69. Following the completion of the transaction, the director owned 2,900 shares of the company’s stock, valued at approximately $4,359,019. The trade was a 16.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 6,225 shares of company stock valued at $10,166,297. Company insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Sandisk

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Trust Asset Management LLC boosted its stake in Sandisk by 3.9% in the second quarter. Trust Asset Management LLC now owns 1,611 shares of the data storage provider’s stock valued at $3,663,000 after acquiring an additional 60 shares in the last quarter. Regent Peak Wealth Advisors LLC grew its holdings in shares of Sandisk by 2.9% during the second quarter. Regent Peak Wealth Advisors LLC now owns 635 shares of the data storage provider’s stock worth $1,444,000 after purchasing an additional 18 shares during the last quarter. Ramsey Quantitative Systems acquired a new stake in shares of Sandisk during the second quarter worth about $50,000. Tema ETFs LLC increased its position in shares of Sandisk by 10.0% during the second quarter. Tema ETFs LLC now owns 2,649 shares of the data storage provider’s stock worth $6,023,000 after purchasing an additional 241 shares in the last quarter. Finally, Nolet Wealth Management LLC purchased a new stake in shares of Sandisk in the 2nd quarter valued at about $281,000.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Wedbush, Bank of America, Bernstein, and Evercore all raised their price targets on SanDisk, with some targets now as high as $3,000-$3,100, reinforcing the view that the recent drop may have been overdone. SanDisk (SNDK) Stock Surges 5% Following Triple Analyst Upgrade Wave — Cramer Claims Targets Still Conservative
• Positive Sentiment: Analysts continue to point to strong AI memory demand, improving pricing trends, and SanDisk’s ability to benefit from the storage needs tied to AI inference and data-center spending. Wedbush Pounds the Table—Buy Sandisk Before August 5 Earnings
• Positive Sentiment: The stock was also named to a Zacks Rank #1 momentum list and highlighted as a cheap-looking tech name despite its huge year-to-date rally, which may be attracting dip buyers. Best Momentum Stocks to Buy for July 13th
• Neutral Sentiment: Some commentary suggests the stock’s rally may need a pause after its massive run, with investors debating whether most of the easy upside has already been captured. Sandisk: The Rally’s First Act Is Done
• Negative Sentiment: Recent volatility in semiconductors, including a selloff triggered by SK Hynix’s weaker outlook, has continued to weigh on SanDisk shares even as analysts remain constructive. Micron, SanDisk, Western Digital Fall 6% as SK Hynix’s Weak Outlook Rattles Memory Stocks

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.