Sandisk (NASDAQ:SNDK) Price Target Raised to $3,250.00

by · The Cerbat Gem

Sandisk (NASDAQ:SNDK – Get Free Report) had its price objective raised by equities researchers at Susquehanna from $2,000.00 to $3,250.00 in a report released on Friday,Benzinga reports. The firm currently has a “positive” rating on the data storage provider’s stock. Susquehanna’s price objective points to a potential upside of 95.03% from the stock’s current price.

Several other equities analysts have also recently issued reports on SNDK. Melius Research set a $2,350.00 target price on shares of Sandisk in a research note on Monday, May 18th. Wedbush raised their price target on shares of Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Bank of America upped their price objective on shares of Sandisk from $900.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Zacks Research raised shares of Sandisk from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Finally, Raymond James Financial restated an “outperform” rating and set a $1,470.00 target price on shares of Sandisk in a research report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $1,368.73.

View Our Latest Report on Sandisk

Sandisk Stock Up 1.5%

Shares of SNDK traded up $24.75 during mid-day trading on Friday, reaching $1,666.39. The company had a trading volume of 2,635,846 shares, compared to its average volume of 17,686,559. The stock has a market capitalization of $246.78 billion, a P/E ratio of 57.61 and a beta of 4.82. Sandisk has a 52-week low of $36.21 and a 52-week high of $1,708.83. The stock has a 50 day moving average of $1,054.51 and a two-hundred day moving average of $637.32.

Sandisk (NASDAQ:SNDK – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.17 by $9.24. Sandisk had a return on equity of 44.06% and a net margin of 34.19%.The company had revenue of $5.95 billion during the quarter. During the same period in the previous year, the firm posted ($0.30) earnings per share. The company’s 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, sell-side analysts expect that Sandisk will post 63.58 earnings per share for the current year.

Insider Buying and Selling at Sandisk

In other news, Director Necip Sayiner sold 579 shares of Sandisk stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total value of $870,300.69. Following the sale, the director owned 2,900 shares in the company, valued at $4,359,019. This trade represents a 16.64% 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. Also, CAO Michael Pokorny sold 2,446 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total transaction of $3,488,436.28. Following the transaction, the chief accounting officer owned 22,375 shares of the company’s stock, valued at approximately $31,910,777.50. This trade represents a 9.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.21% of the company’s stock.

Institutional Trading of Sandisk

Large investors have recently made changes to their positions in the company. Glenmede Trust Co. NA raised its stake in Sandisk by 76.4% in the 1st quarter. Glenmede Trust Co. NA now owns 2,754 shares of the data storage provider’s stock valued at $1,750,000 after purchasing an additional 1,193 shares during the last quarter. Liontrust Investment Partners LLP purchased a new position in Sandisk in the 1st quarter valued at $11,892,000. January Capital Advisors LLC acquired a new stake in Sandisk during the 1st quarter worth $565,000. SOA Wealth Advisors LLC. grew its holdings in shares of Sandisk by 108.0% during the first quarter. SOA Wealth Advisors LLC. now owns 52 shares of the data storage provider’s stock worth $33,000 after buying an additional 27 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new stake in shares of Sandisk during the first quarter worth $73,000.

Trending Headlines about Sandisk

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About Sandisk

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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.

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