--- title: "Sandisk (NASDAQ:SNDK) Shares Up 11.9% - What's Next?" type: "News" locale: "en" url: "https://longbridge.com/en/news/298077276.md" description: "SanDisk (SNDK) shares surged 11.9% driven by AI-driven demand for NAND storage and Nvidia's Hugging Face acquisition. The company reported a 371.6% YoY revenue growth, beating earnings estimates, and announced a $14 billion share repurchase program. Analysts maintain a consensus 'Buy' rating with an average price target of $1,998.14, citing tight supply and improving pricing, though risks from Chinese competitors remain." datetime: "2026-09-04T21:20:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298077276.md) - [en](https://longbridge.com/en/news/298077276.md) - [zh-HK](https://longbridge.com/zh-HK/news/298077276.md) generator: "portal-rs" --- # Sandisk (NASDAQ:SNDK) Shares Up 11.9% - What's Next? Sandisk Corporation (NASDAQ:SNDK - Get Free Report) shot up 11.9% on Friday . The company traded as high as $1,740.00 and last traded at $1,740.00. Approximately 16,163,652 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 16,153,852 shares. The stock had previously closed at $1,554.99. ## Key Headlines Impacting Sandisk - These 5 ETFs Have Raked in Cash This Year—What Do They All Have in Common? Here are the key news stories impacting Sandisk this week: - Positive Sentiment: Memory stocks, including SanDisk, rallied as investors bet that AI data-center expansion will intensify demand for NAND storage. Nvidia’s reported $12.9 billion acquisition of Hugging Face reinforced expectations for continued AI infrastructure investment and higher memory consumption. SanDisk Shares Surge Following Nvidia’s Hugging Face Deal - Positive Sentiment: Lynx Research remained bullish on the memory sector and assigned SanDisk a $2,450 price target, while other analysts continue to cite tight supply, improving NAND pricing and a potentially stronger memory upcycle. Lynx Research Memory Stock Outlook - Positive Sentiment: The bullish narrative is supported by SanDisk’s latest earnings beat, 371.6% year-over-year revenue growth and above-consensus guidance. The company’s previously announced $14 billion share-repurchase authorization also signals management confidence in cash generation and valuation. - Neutral Sentiment: SanDisk outperformed a weaker broader market, as the hot employment report briefly pushed expectations for a September Federal Reserve rate hike above 50%. Memory and other AI-related stocks held up better because sector-specific demand concerns outweighed macroeconomic pressure. Micron and SanDisk Move Despite Hot Jobs Report - Neutral Sentiment: Management will participate in Citi’s Global TMT Conference and Goldman Sachs’ Communacopia + Technology Conference on September 8–9, potentially giving investors updated commentary on demand, supply and pricing. SanDisk Investor Conference Announcement - Negative Sentiment: Investors continue to monitor risks from Chinese memory manufacturers gaining DRAM and NAND market share, which could eventually pressure SanDisk’s pricing, margins and market position. A prearranged insider sale of 600 shares was an additional, though limited, cautionary signal. ## Analyst Ratings Changes A number of research firms have issued reports on SNDK. Wells Fargo & Company upped their target price on shares of Sandisk from $1,400.00 to $1,550.00 and gave the company an "equal weight" rating in a report on Thursday, August 13th. Melius Research set a $2,350.00 target price on shares of Sandisk in a research note on Monday, May 18th. Barclays raised Sandisk from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $1,200.00 to $2,300.00 in a research note on Tuesday, May 26th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $2,200.00 price objective on shares of Sandisk in a research report on Thursday, August 13th. Finally, Argus upgraded Sandisk from a "hold" rating to a "buy" rating in a research report on Monday, August 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $1,998.14. - $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over **Check Out Our Latest Stock Analysis on SNDK** ## Sandisk Stock Performance The company has a market cap of $254.77 billion, a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of 0.15 and a beta of 5.17. The stock's fifty day simple moving average is $1,550.34 and its two-hundred day simple moving average is $1,281.92. - Sandisk’s Margins Look Like Software. Can They Last? Sandisk (NASDAQ:SNDK - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 EPS for the quarter, topping analysts' consensus estimates of $33.28 by $5.97. The business had revenue of $8.96 billion during the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The company's quarterly revenue was up 371.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Analysts predict that Sandisk Corporation will post 208.92 EPS for the current fiscal year. Sandisk announced that its board has initiated a stock repurchase program on Wednesday, August 5th that allows the company to buyback $14.00 billion in shares. This buyback authorization allows the data storage provider to purchase up to 6.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued. ## Insider Activity In related news, insider Bernard Shek sold 600 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $1,525.60, for a total transaction of $915,360.00. Following the transaction, the insider directly owned 29,884 shares of the company's stock, valued at approximately $45,591,030.40. The trade was a 1.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,800 shares of company stock valued at $2,865,456 in the last ninety days. 0.21% of the stock is currently owned by company insiders. ## Hedge Funds Weigh In On Sandisk Several institutional investors and hedge funds have recently made changes to their positions in the business. Valley Wealth Managers Inc. acquired a new stake in Sandisk in the first quarter valued at $25,000. Greenline Wealth Management LLC bought a new position in shares of Sandisk during the fourth quarter worth about $26,000. IMG Wealth Management Inc. acquired a new position in Sandisk in the first quarter worth about $29,000. Dunhill Financial LLC acquired a new position in Sandisk in the second quarter worth about $30,000. Finally, Parallel Advisors LLC bought a new stake in Sandisk in the third quarter valued at about $30,000. ## 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. ## Featured Articles - Five stocks we like better than Sandisk - Revolution Medicines Got Its Breakthrough—What Moves It Next? - Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy - FB Financial's Southern Expansion and Buybacks Drive Analyst Optimism - AST SpaceMobile Stock Soared 12%—This Was the Catalyst *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.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## 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 Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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