Sandisk (NASDAQ:SNDK) Price Target Raised to $263.00

Sandisk (NASDAQ:SNDK) had its price target upped by Morgan Stanley from $230.00 to $263.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the data storage provider’s stock. Morgan Stanley’s target price would indicate a potential downside of 1.13% from the stock’s current price.

A number of other equities analysts also recently commented on SNDK. Weiss Ratings restated a “sell (d-)” rating on shares of Sandisk in a research note on Wednesday, October 8th. Zacks Research raised shares of Sandisk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 14th. Mizuho lifted their price target on shares of Sandisk to $215.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Wells Fargo & Company upped their target price on Sandisk from $115.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Barclays upped their price objective on shares of Sandisk from $39.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $183.00.

Sandisk Trading Up 11.1%

NASDAQ:SNDK traded up $26.52 during mid-day trading on Monday, hitting $266.00. The company had a trading volume of 11,014,256 shares, compared to its average volume of 4,686,066. The firm has a market cap of $38.94 billion and a P/E ratio of -458.62. Sandisk has a fifty-two week low of $27.89 and a fifty-two week high of $267.77. The business’s fifty day moving average is $126.31 and its two-hundred day moving average is $71.56. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.03 and a current ratio of 3.29.

Sandisk (NASDAQ:SNDK) last announced its quarterly earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates 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. Sandisk’s revenue for the quarter was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.

Institutional Trading of Sandisk

A number of institutional investors have recently bought and sold shares of SNDK. Vanguard Group Inc. bought a new position in shares of Sandisk in the third quarter worth $1,970,388,000. Parnassus Investments LLC purchased a new stake in shares of Sandisk in the 3rd quarter valued at about $103,815,000. Principal Financial Group Inc. bought a new stake in shares of Sandisk during the 3rd quarter valued at about $74,265,000. Public Sector Pension Investment Board purchased a new position in shares of Sandisk during the third quarter worth about $60,415,000. Finally, GF Fund Management CO. LTD. bought a new position in shares of Sandisk in the third quarter worth approximately $45,206,000.

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.