Sandisk (NASDAQ:SNDK) Price Target Raised to $390.00

Sandisk (NASDAQ:SNDK) had its price target raised by Bank of America from $300.00 to $390.00 in a report published on Wednesday,Benzinga reports. They currently have a buy rating on the data storage provider’s stock.

Other analysts also recently issued research reports about the stock. Sanford C. Bernstein raised shares of Sandisk to a “strong-buy” rating in a research report on Tuesday, September 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sandisk in a research note on Monday, December 29th. Fox Advisors raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. began coverage on shares of Sandisk in a report on Monday, December 8th. They issued a “neutral” rating and a $235.00 target price on the stock. Finally, China Renaissance began coverage on Sandisk in a report on Friday, December 5th. They set a “buy” rating and a $322.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $239.17.

Sandisk Stock Performance

NASDAQ SNDK opened at $377.41 on Wednesday. The company has a market capitalization of $55.31 billion and a price-to-earnings ratio of 1,179.41. The company has a quick ratio of 2.03, a current ratio of 3.29 and a debt-to-equity ratio of 0.14. Sandisk has a twelve month low of $27.89 and a twelve month high of $384.00. The stock has a fifty day simple moving average of $241.03 and a 200 day simple moving average of $135.35.

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

Insider Buying and Selling

In other news, Director Necip Sayiner sold 1,271 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total transaction of $248,022.94. Following the transaction, the director directly owned 3,479 shares of the company’s stock, valued at $678,892.06. This represents a 26.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SNDK. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Sandisk during the third quarter valued at about $27,000. CVA Family Office LLC acquired a new position in Sandisk during the 3rd quarter valued at about $28,000. Parallel Advisors LLC bought a new stake in Sandisk during the 3rd quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Sandisk in the third quarter worth approximately $32,000. Finally, Covestor Ltd purchased a new stake in shares of Sandisk in the third quarter worth approximately $37,000.

Key Sandisk News

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Report says SanDisk could double prices for 3D NAND used in enterprise SSDs — if true, much higher ASPs (average selling prices) for high‑capacity enterprise flash would boost margins and revenue visibility, supporting a re-rating of SNDK. Sandisk surges after report indicating company could double price of 3D NAND for enterprise SSDs: report
• Positive Sentiment: Nomura / market writeups cited by news outlets say SanDisk plans to sharply raise prices on high‑capacity parts — reinforcing the price‑power narrative and helping lift sentiment among momentum traders and funds focused on AI supply chains. Why SanDisk Stock (SNDK) Is Surging Today
• Positive Sentiment: Bank of America raised its price target to $390 and reiterated a Buy — the upgrade follows Nvidia’s CES comments about a large unserved memory market, and BofA links that secular demand to higher valuation support for SNDK. BofA Hikes SanDisk (SNDK) PT to $390 Following Nvidia’s CES 2026 AI Roadmap
• Positive Sentiment: Nvidia CEO Jensen Huang highlighted memory as a major unserved market at CES — that macro narrative increases conviction that data‑center flash demand (and pricing) will remain strong, benefiting memory suppliers like SanDisk. SanDisk Trending After Nvidia CEO Jensen Huang Flags Memory As Major ‘Unserved Market’ With Surging Demand And Prices
• Neutral Sentiment: SanDisk appears on lists of top stocks to “double up” on for 2026 — positive publicity but more thematic than news‑driven; useful for retail inflows but not a direct catalyst. Top Stocks to Double Up on Right Now
• Neutral Sentiment: MarketBeat and other roundups note SanDisk’s massive 2025 run and early‑2026 momentum — supports investor interest and flows, though it’s reiterative of existing momentum rather than a new fundamental change. MarketBeat Week in Review – 01/05 – 01/09
• Negative Sentiment: Technical/valuation caution: coverage flagged SNDK as overbought after a ~20% surge — raises risk of a short-term pullback or consolidation despite favorable fundamentals. SanDisk Stock Just Became Overbought After 20% Surge in SNDK

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.