<div id="readability-page-1"><p>Analysts at China Renaissance started coverage on shares of <span>Sandisk (NASDAQ:SNDK - Get Free Report)</span> in a note issued to investors on Friday,Benzinga reports. The brokerage set a &#34;buy&#34; rating and a $322.00 price target on the data storage provider's stock. China Renaissance's price objective points to a potential upside of 50.95% from the stock's previous close.</p><ul><li>SanDisk Joins the S&amp;P 500: Inside the Index Effect Rally</li></ul><p>A number of other equities analysts have also recently issued reports on SNDK. Wall Street Zen raised shares of Sandisk from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a report on Saturday, November 15th. Mizuho increased their price target on Sandisk to $215.00 and gave the stock an &#34;outperform&#34; rating in a research report on Tuesday, October 28th. UBS Group  reissued an &#34;overweight&#34; rating and issued a $230.00 price target on shares of Sandisk in a report on Monday, November 3rd. Sanford C. Bernstein upgraded Sandisk to a &#34;strong-buy&#34; rating in a research report on Tuesday, September 16th. Finally, Susquehanna upped their price objective on Sandisk from $65.00 to $250.00 and gave the stock a &#34;positive&#34; rating in a research note on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned  a Hold rating and one  has assigned  a Sell rating to the company. According to data from MarketBeat, Sandisk presently has an average rating of &#34;Moderate Buy&#34; and an average target price of $201.00.</p><p><b>View Our Latest Analysis on SNDK</b></p><h2>Sandisk Stock Up 9.7%</h2><ul><li>3 Data Center Stocks Are Soaring—Analysts Think 1 Could Go Higher</li></ul><p>SNDK stock opened at $213.31 on Friday. The firm has a market cap of $31.26 billion and a price-to-earnings ratio of 666.59. Sandisk has a 1-year low of $27.89 and a 1-year high of $284.76. The firm has a fifty day moving average price of $184.03 and a two-hundred day moving average price of $96.91. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.29 and a quick ratio of 2.03. </p><p>Sandisk (NASDAQ:SNDK - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.64. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.12 billion. The business's quarterly revenue was up 22.6% on a year-over-year basis. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS. </p><h2>Insider Activity</h2><ul><li>3 Data Memory Stocks Beating NVDA This Year</li></ul><p>In related news, Director Necip Sayiner sold 1,271 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $195.14, for a total value of $248,022.94. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own  0.21% of the company's stock. </p><h2>Institutional Inflows and Outflows</h2><p>A number of institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of  Sandisk during the third quarter valued at $27,000.  CVA Family Office LLC bought a new position in  Sandisk in the 3rd quarter valued at about $28,000.  Parallel Advisors LLC bought a new position in  Sandisk in the 3rd quarter valued at about $30,000.  Northwestern Mutual Wealth Management Co. acquired a new position in  Sandisk during the 3rd quarter valued at about $32,000.  Finally, Covestor Ltd acquired a new position in  Sandisk during the 3rd quarter valued at about $37,000. </p><h2>Sandisk Company Profile</h2> (Get Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Sandisk</li><li>Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?</li><li>Marvell's Rally Extends: Data Centers and AMZN Chips Boost Shares</li><li>How to Use High Beta Stocks to Maximize Your Investing Profits</li><li>Could Ross Stores Stock Hit $200 by Christmas? Here Are 3 Reasons Analysts Think So</li><li>There Are Different Types of Stock To Invest In</li><li>The Trade Desk: After a 70% Plunge, This Could Be The Time to Buy</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U05ESw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U05ESw"/></p><p><em>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.</em></p><h2>Should You Invest $1,000 in Sandisk Right Now?</h2><p>Before you consider Sandisk, you'll want to hear this.</p><p>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.</p><p>While Sandisk currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SNDK

<p>China Renaissance initiated coverage on Sandisk (NASDAQ:SNDK) with a "buy" rating and a $322 target price, indicating a potential 50.95% upside. Other analysts have also issued positive ratings, with an average target price of $201. Sandisk's stock opened at $213.31, with a market cap of $31.26 billion. Recent earnings exceeded expectations, and institutional investors have shown interest. Sandisk offers a range of flash storage solutions.</p>

Sandisk (NASDAQ:SNDK) Now Covered by Analysts at China Renaissance