TLDR
- SNDK is up 5.05% over the past week and 132.73% over the past quarter, vastly outpacing the broader market.
- Sandisk reported Q1 EPS of $23.41, crushing the $14.17 consensus estimate, with revenue of $5.95 billion — up 251% year over year.
- The stock opened at $1,478.69 on Tuesday, with a 12-month range of $35.79 to $1,600.00.
- Jefferies trimmed its stake by 41.3%, selling 15,101 shares, though several other institutional investors added to their positions.
- Analysts have lifted price targets across the board, with Citigroup setting a $2,025 target and Melius Research going as high as $2,350.
Sandisk Corporation (SNDK) has had a remarkable run. The stock opened at $1,478.69 on Tuesday, up over 3,866% in the past year, making it one of the more extraordinary performers in the market right now.
The 50-day moving average sits at $999.79, while the 200-day is at $608.04. The 12-month low was just $35.79 — a number that feels almost unreal given where the stock trades today.
Zacks currently rates SNDK a #1 Strong Buy with a Momentum Style Score of B. The week-over-week gain of 5.05% compares favorably to the Computer Storage Devices industry’s 0.47% move in the same period.
The monthly price change of 49.38% also beats the industry’s 26.52% performance. It’s not just short-term noise — the longer-term picture backs it up too.
Earnings Blow Past Expectations
On April 30th, Sandisk reported earnings that turned heads across Wall Street. EPS came in at $23.41 for the quarter, well above the $14.17 consensus — a beat of $9.24 per share.
Revenue hit $5.95 billion, up 251% compared to the same quarter last year, when the company reported a loss of $0.30 per share. Return on equity was 44.06%, and net margin came in at 34.19%.
For Q4 2026, Sandisk guided for EPS in the range of $30.00 to $33.00. Full-year analyst consensus now sits at $63.58 EPS — up from a consensus of $41.60 just 60 days ago.
Over the past two months, six earnings estimates were revised higher with none lower for the full year. Five upward revisions were also recorded for the next fiscal year.
Analyst Targets Move Higher
The earnings beat triggered a wave of analyst activity. Wells Fargo raised its target from $975 to $1,250, keeping an equal weight rating. Mizuho set a target of $1,220.
Weiss Ratings upgraded SNDK from hold to buy on May 20th. Citigroup bumped its target from $1,300 to $2,025, giving the stock a buy rating. Melius Research set the highest target on the street at $2,350.
The current breakdown: 3 Strong Buy ratings, 18 Buy ratings, and 4 Hold ratings. The average target price across all analysts is $1,157.14, with an overall “Moderate Buy” consensus.
On the institutional side, Jefferies Financial Group cut its position by 41.3% in Q4, selling 15,101 shares and leaving it with 21,499 — worth roughly $5.1 million at the time of filing.
Others moved in the opposite direction. Larson Financial Group added 37 shares, Westfuller Advisors increased its position by 51.8%, and several other firms made smaller additions.
On the insider side, Director Necip Sayiner sold 579 shares on May 8th at an average price of $1,503.11, totaling $870,300.69. Insiders have sold a combined 6,525 shares worth approximately $6.55 million over the past three months.
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