Sandisk (NASDAQ:SNDK) Given New $2,050.00 Price Target at Mizuho

Sandisk (NASDAQ:SNDK) had its price target lifted by Mizuho from $1,875.00 to $2,050.00 in a research report sent to investors on Tuesday, MarketBeat Ratings reports. They currently have an outperform rating on the data storage provider’s stock.

Other analysts have also recently issued research reports about the company. Rosenblatt Securities started coverage on Sandisk in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $2,400.00 price target for the company. Argus raised shares of Sandisk from a “hold” rating to a “buy” rating and set a $1,600.00 target price for the company in a report on Monday, August 10th. JPMorgan Chase & Co. initiated coverage on shares of Sandisk in a research note on Friday, August 14th. They set an “overweight” rating and a $2,250.00 target price on the stock. Citigroup reaffirmed a “buy” rating on shares of Sandisk in a report on Thursday, October 1st. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $2,200.00 price target (up from $1,200.00) on shares of Sandisk in a research report on Thursday, August 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $2,120.65.

Sandisk Trading Down 2.6%

SNDK opened at $1,660.46 on Tuesday. The firm’s 50 day simple moving average is $1,565.54 and its two-hundred day simple moving average is $1,457.01. The company has a market capitalization of $243.12 billion, a PE ratio of 22.78, a PEG ratio of 0.17 and a beta of 5.23. Sandisk has a 1-year low of $115.68 and a 1-year high of $2,354.39.

Sandisk (NASDAQ:SNDK) last posted its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping the consensus estimate of $33.28 by $5.97. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The firm had revenue of $8.96 billion during the quarter. During the same quarter last year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was up 371.6% on a year-over-year basis. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities analysts forecast that Sandisk will post 208.94 earnings per share for the current fiscal year.

Sandisk announced that its board has initiated a stock repurchase program on Wednesday, August 5th that allows the company to buyback $14.00 billion in shares. This buyback authorization allows the data storage provider to reacquire up to 6.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Sandisk news, EVP Alper Ilkbahar sold 4,712 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $1,540.58, for a total value of $7,259,212.96. Following the completion of the transaction, the executive vice president directly owned 44,134 shares in the company, valued at $67,991,957.72. This represents a 9.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Luis Visoso sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total value of $1,568,830.00. Following the completion of the transaction, the chief financial officer owned 130,976 shares of the company’s stock, valued at $205,479,078.08. The trade was a 0.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 77,899 shares of company stock worth $121,159,122 over the last quarter. Company insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Sandisk

Several hedge funds have recently modified their holdings of SNDK. Atomic Invest LLC purchased a new position in Sandisk during the second quarter valued at $25,000. Dunhill Financial LLC purchased a new stake in Sandisk in the 2nd quarter worth $30,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Sandisk during the 2nd quarter valued at about $32,000. Kilter Group LLC bought a new position in shares of Sandisk during the 2nd quarter valued at about $32,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of Sandisk during the 2nd quarter valued at about $34,000.

Key Stories Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Mizuho raised its price target to $2,050 from $1,875 and maintained an “Outperform” rating, citing demand from agentic artificial intelligence applications. The new target implies substantial upside from recent trading levels. Mizuho Raises AMD, SanDisk Stock Price Targets on Agentic AI Demand
• Positive Sentiment: Sandisk was added to Zacks’ Rank #1 “Strong Buy” and momentum-stock lists, reflecting favorable quantitative trends and continued investor interest in AI-linked semiconductor companies. New Strong Buy Stocks for October 6th
• Positive Sentiment: A Seeking Alpha analysis highlighted Sandisk’s $93.9 billion NAND bit memory contract book, customer financial guarantees and $2.5 billion in cash received. Datacenter revenue grew sharply to $5.15 billion in fiscal 2026, indicating strong hyperscaler demand and improved visibility. Sandisk: Customer Money Is Keeping Pace With The Contract Boom

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.