Sandisk (NASDAQ:SNDK) Trading Up 3.8% – Time to Buy?

Sandisk Corporation (NASDAQ:SNDK)’s stock price traded up 3.8% during trading on Friday . The stock traded as high as $615.36 and last traded at $597.95. 20,869,398 shares were traded during trading, an increase of 6% from the average session volume of 19,687,066 shares. The stock had previously closed at $576.20.

Sandisk News Roundup

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analysts materially raised revenue forecasts for Sandisk, with one report saying analyst models were boosted ~38%, supporting higher near-term expectations for sales tied to AI data-center demand. Industry Analysts Just Upgraded Their Sandisk Corporation (NASDAQ:SNDK) Revenue Forecasts By 38%
• Positive Sentiment: Recent earnings smashed estimates (big revenue beat and raised forward EPS range), reinforcing the bull case that Sandisk is a direct play on flash/NAND shortages driven by AI infrastructure. This underpins strong buying on dips. Sandisk’s Swings Are Getting Bigger—Here’s How to Play Them
• Positive Sentiment: Industry write-ups and analyst reiterations (Cantor Fitzgerald, UBS price targets cited) and upgrades from outlets helped lift sentiment and institutional interest. Sandisk (NASDAQ:SNDK) Shares Up 4.6% on Analyst Upgrade
• Positive Sentiment: Commentary frames Sandisk as a pure-play way to capture AI-driven flash memory shortages and HBM/high-bandwidth demand, attracting thematic AI investors. 2 Top Artificial Intelligence Stocks to Buy in February
• Neutral Sentiment: Technical/flow-based signals (e.g., “power inflow”) and momentum strategies have triggered large short-term moves; these can sustain rallies but also reverse quickly. Sandisk Shares Rise Over 7% Following Key Trading Signal
• Neutral Sentiment: Multiple outlets note broad analyst coverage updates (10 analysts updating or initiating), which increases attention and liquidity but can also add to short-term dispersion in estimates. Sandisk Corporation (SNDK) 10 Analysts Update Coverage
• Negative Sentiment: Coverage warns of large intraday swings and occasional sharp pullbacks after the stock’s parabolic run — past 20% intraday drops were quickly followed by big rallies, indicating higher downside risk for near-term traders. Why Sandisk Corporation’s (SNDK) Stock Is Down 7.15%

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SNDK. The Goldman Sachs Group raised their price objective on shares of Sandisk from $320.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Wells Fargo & Company raised their price target on Sandisk from $230.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Bank of America lifted their price objective on Sandisk from $300.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. China Renaissance started coverage on Sandisk in a research note on Friday, December 5th. They issued a “buy” rating and a $322.00 target price on the stock. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $650.00 target price on shares of Sandisk in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $542.85.

Sandisk Trading Up 3.8%

The company has a quick ratio of 1.92, a current ratio of 3.11 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $88.24 billion and a P/E ratio of -78.78. The company has a fifty day simple moving average of $349.24 and a two-hundred day simple moving average of $199.95.

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

Insiders Place Their Bets

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 shares were sold at an average price of $195.14, for a total value of $248,022.94. Following the completion of the transaction, the director owned 3,479 shares in the company, valued at $678,892.06. This represents a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Sandisk

Several institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. acquired a new position in Sandisk in the 2nd quarter worth $317,000. Corient Private Wealth LLC bought a new stake in shares of Sandisk in the second quarter valued at about $353,000. Praxis Investment Management Inc. acquired a new position in shares of Sandisk during the third quarter worth about $533,000. GAMMA Investing LLC bought a new position in shares of Sandisk during the third quarter worth about $439,000. Finally, Voya Investment Management LLC bought a new position in shares of Sandisk during the third quarter worth about $8,917,000.

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. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.