<div id="readability-page-1"><p>Sandisk Corporation (NASDAQ:SNDK - Get Free Report) shares were up 6.9% during trading on Thursday . The stock traded as high as $231.00 and last traded at $221.00. Approximately 2,748,890 shares were traded  during trading, a decline of 53% from the average daily volume of 5,792,561 shares. The stock had previously closed at $206.83.</p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>SanDisk Joins the S&amp;P 500: Inside the Index Effect Rally</li></ul><p>A number of brokerages have recently issued reports on SNDK. Wells Fargo &amp; Company raised their price objective on Sandisk from $115.00 to $230.00 and gave the stock an &#34;equal weight&#34; rating in a research report on Friday, November 7th. Susquehanna increased their price target on Sandisk from $250.00 to $300.00 and gave the stock a &#34;positive&#34; rating in a report on Monday, December 8th. Barclays upped their target price on Sandisk from $39.00 to $220.00 and gave the company an &#34;equal weight&#34; rating in a research report on Monday, November 10th. Wall Street Zen raised Sandisk from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research note on Saturday, November 15th. Finally, Benchmark  reiterated a &#34;buy&#34; rating on shares of Sandisk in a research note on Thursday. Three equities 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 given a Sell rating to the company. Based on data from MarketBeat, Sandisk  has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $213.33.</p><p><b>Read Our Latest Research Report on Sandisk</b></p><h2>Sandisk Price Performance</h2><ul><li>3 Data Center Stocks Are Soaring—Analysts Think 1 Could Go Higher</li></ul><p>The stock has a market capitalization of $31.59 billion and a P/E ratio of 673.66. The business has a fifty day simple moving average of $202.42 and a 200 day simple moving average of $108.68. The company has a current ratio of 3.29, a quick ratio of 2.03 and a debt-to-equity ratio of 0.14. </p><p>Sandisk (NASDAQ:SNDK - Get Free Report) last announced its earnings results on Thursday, November 6th. The data storage provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.64. The company had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.12 billion. The firm's revenue for the quarter was up 22.6% compared to the same quarter last year. Sandisk has set its Q2 2026 guidance at 3.000-3.40 EPS. </p><h2>Insider Buying and Selling at Sandisk</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 dated Wednesday, December 3rd. The shares were sold at an average price of $195.14, for a total transaction of $248,022.94. Following the completion of the transaction, the director owned 3,479 shares in the company, valued at approximately $678,892.06. This represents a 26.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which can be accessed through this link. Company insiders own  0.21% of the company's stock. </p><h2>Institutional Trading of Sandisk</h2><p>Hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of  Sandisk during the 3rd quarter worth $27,000.  CVA Family Office LLC purchased a new position in shares of  Sandisk in the third quarter worth about $28,000.  Parallel Advisors LLC purchased a new position in shares of  Sandisk in the third quarter worth about $30,000.  Northwestern Mutual Wealth Management Co. purchased a new stake in shares of  Sandisk during the 3rd quarter valued at approximately $32,000.  Finally, Covestor Ltd bought a new position in  Sandisk in the 3rd quarter worth approximately $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>Further Reading</h2><ul><li>Five stocks we like better than Sandisk</li><li>Stock Splits, Do They Really Impact Investors?</li><li>Micron’s Q1 Results Say “AI Bubble Is Far From Bursting”</li><li>2 Fintech Stocks to Buy Now and 1 to Avoid</li><li>3 Cheap Dividend Stocks That Can Beat Inflation and Pay You to Wait</li><li>How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?</li><li>3 New Year’s Resolution Stocks That Could Turn Around in 2026</li></ul><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>Sandisk (NASDAQ:SNDK) shares rose 6.9% to $221.00, with a high of $231.00. Trading volume was 2,748,890 shares, down 53% from the average. Analysts have given mixed ratings, with a consensus of 'Moderate Buy' and an average target price of $213.33. Sandisk's market cap is $31.59 billion, with a P/E ratio of 673.66. The company reported Q3 earnings of $1.22 per share, beating estimates. Insider trading and institutional investments were noted. Sandisk offers various flash storage solutions.</p>

Sandisk (NASDAQ:SNDK) Stock Price Up 6.9% - Here's What Happened