Sandisk (NASDAQ:SNDK) Stock Price Down 11.4% – Time to Sell?

05 Jun 2026, 17:17 by Teresa Graham · The Cerbat Gem

Sandisk Corporation (NASDAQ:SNDK – Get Free Report) was down 11.4% during mid-day trading on Friday . The stock traded as low as $1,514.36 and last traded at $1,559.32. Approximately 12,989,804 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 17,408,422 shares. The stock had previously closed at $1,759.68.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Wall Street remains constructive on SanDisk, with Morgan Stanley reportedly raising its price target by 59% and other analysts maintaining bullish views on the company’s AI-driven memory demand outlook. Analysts Are Bullish on These Technology Stocks: Arrow Electronics (ARW), SanDisk Corp (SNDK)
Positive Sentiment: Recent bullish commentary says SanDisk is benefiting from strong AI storage demand, tight NAND supply, and multi-year visibility from customer agreements, supporting the view that fundamentals may keep improving. Sandisk’s AI Storage Moment Is Just Getting Started
Neutral Sentiment: Several recent pieces note that SanDisk has been hitting record highs and attracting attention as a top AI-memory winner, which reinforces strong momentum but also raises valuation concerns. Sandisk stock is firing on all cylinders: is a day of reckoning coming?
Neutral Sentiment: Some analysts and market commentators argue the stock’s recent surge may have outrun the fundamentals, with valuation-focused articles suggesting downside if growth expectations cool. Price Prediction: Up 1400% in 2026, This Is Where We See SanDisk Heading
Negative Sentiment: SanDisk shares are under pressure alongside Micron and Marvell as the “parabolic” AI/semiconductor trade unwinds, signaling profit-taking and weaker near-term sentiment across the group. Micron, SanDisk, and Marvell Plummet as “Parabolic 7” Trade Unwinds
Negative Sentiment: Broader AI-sector weakness and concerns about new competition are also weighing on sentiment, adding to the selloff in SanDisk despite still-bullish analyst coverage. Micron (MU), SanDisk (SNDK) Stocks Slide after Broadcom Outlook and New Competition Threat

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SNDK shares. Barclays raised shares of Sandisk from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $1,200.00 to $2,300.00 in a report on Tuesday, May 26th. Wedbush boosted their target price on Sandisk from $740.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Arete Research upgraded Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Susquehanna raised their price target on Sandisk from $2,000.00 to $3,250.00 and gave the company a “positive” rating in a report on Friday, May 29th. Finally, KGI Securities initiated coverage on Sandisk in a research report on Wednesday, March 18th. They set an “outperform” rating and a $992.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Sandisk has a consensus rating of “Moderate Buy” and an average target price of $1,398.27.

Check Out Our Latest Stock Report on SNDK

Sandisk Stock Performance

The stock has a market capitalization of $230.92 billion, a P/E ratio of 54.20 and a beta of 4.87. The firm has a 50-day moving average price of $1,157.00 and a 200 day moving average price of $689.74.

Sandisk (NASDAQ:SNDK – Get Free Report) last issued its earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The business had revenue of $5.95 billion during the quarter. During the same period in the prior year, the company earned ($0.30) EPS. The firm’s quarterly revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. On average, equities analysts anticipate that Sandisk Corporation will post 63.58 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total value of $3,513,160.00. Following the sale, the executive vice president directly owned 52,677 shares in the company, valued at approximately $92,531,364.66. This trade represents a 3.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Necip Sayiner sold 579 shares of Sandisk stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the sale, the director owned 2,900 shares in the company, valued at approximately $4,359,019. This represents a 16.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 5,025 shares of company stock valued at $7,871,897. Insiders own 0.21% of the company’s stock.

Institutional Trading of Sandisk

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNDK. GHP Investment Advisors Inc. lifted its position in Sandisk by 12.0% during the first quarter. GHP Investment Advisors Inc. now owns 121 shares of the data storage provider’s stock valued at $77,000 after buying an additional 13 shares during the period. Blair William & Co. IL grew its position in shares of Sandisk by 0.3% in the 4th quarter. Blair William & Co. IL now owns 5,287 shares of the data storage provider’s stock worth $1,255,000 after buying an additional 17 shares during the period. Empirical Finance LLC increased its stake in shares of Sandisk by 0.7% in the 1st quarter. Empirical Finance LLC now owns 3,535 shares of the data storage provider’s stock worth $2,246,000 after acquiring an additional 24 shares in the last quarter. SOA Wealth Advisors LLC. increased its stake in shares of Sandisk by 108.0% in the 1st quarter. SOA Wealth Advisors LLC. now owns 52 shares of the data storage provider’s stock worth $33,000 after acquiring an additional 27 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in Sandisk by 20.2% during the 4th quarter. Larson Financial Group LLC now owns 220 shares of the data storage provider’s stock valued at $52,000 after acquiring an additional 37 shares during the period.

About Sandisk

(Get Free Report)

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.