Sandisk (NASDAQ:SNDK) Price Target Raised to $300.00 at Bank of America
Bank of America raised Sandisk's price target from $270 to $300, maintaining a "buy" rating. This suggests a potential upside of 21.97% from the current price. Other analysts have also upgraded Sandisk's ratings, with a consensus rating of "Moderate Buy" and an average price target of $193.29. Sandisk's recent earnings exceeded expectations, with a 22.6% revenue increase year-over-year.
Sandisk (NASDAQ:SNDK - Get Free Report) had its price objective upped by stock analysts at Bank of America from $270.00 to $300.00 in a report issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the data storage provider's stock. Bank of America's price objective points to a potential upside of 21.97% from the company's current price.
- 3 Data Center Stocks Are Soaring—Analysts Think 1 Could Go Higher
Other research analysts have also issued reports about the stock. Fox Advisors upgraded shares of Sandisk from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 7th. Zacks Research raised Sandisk from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 14th. Wall Street Zen upgraded Sandisk from a "hold" rating to a "strong-buy" rating in a research report on Saturday, November 15th. Wells Fargo & Company lifted their price target on Sandisk from $115.00 to $230.00 and gave the company an "equal weight" rating in a report on Friday, November 7th. Finally, Susquehanna raised their target price on Sandisk from $65.00 to $250.00 and gave the stock a "positive" rating in a report on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $193.29.
Get Our Latest Stock Analysis on SNDK
Sandisk Stock Performance
- 3 Data Memory Stocks Beating NVDA This Year
SNDK opened at $245.96 on Thursday. The business has a fifty day simple moving average of $158.23 and a 200-day simple moving average of $84.00. The firm has a market cap of $36.05 billion and a PE ratio of 768.63. 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 fifty-two week low of $27.89 and a fifty-two week high of $284.76.
Sandisk (NASDAQ:SNDK - Get Free Report) last issued its earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.64. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.12 billion. The company's revenue for the quarter was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS.
Hedge Funds Weigh In On Sandisk
- Is Sandisk Still a Buy After 118% AI-Fueled Surge?
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new position in shares of Sandisk in the third quarter valued at approximately $1,970,388,000. State Street Corp bought a new stake in shares of Sandisk in the 3rd quarter valued at $491,053,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Sandisk during the 3rd quarter worth about $297,293,000. Bank of America Corp DE acquired a new stake in Sandisk in the third quarter valued at approximately $190,425,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Sandisk in the 3rd quarter worth about $163,057,000.
Sandisk Company Profile
(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.
Read More
- Five stocks we like better than Sandisk
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Is Tesla Setting Up for a Year-End Rebound—or a Collapse?
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Applied Materials: Up 40% in 2025 With Room to Run Long-Term
- The 3 Best Blue-Chip Stocks to Buy Now
- onsemi Places a $6 Billion Bet on Its Own Stock
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Sandisk Right Now?
Before you consider Sandisk, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sandisk wasn't on the list.
While Sandisk currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
