Sandisk Corp's stock price fell by 5.81% as it crossed below the 5-day SMA, reflecting a downturn despite broader market gains in the Nasdaq-100 and S&P 500 indices.
The decline comes amid concerns raised by Citadel Advisors, which sold nearly 2 million shares of Sandisk, reducing its stake by 97%. This move reflects apprehensions regarding cyclical risks in the storage chip industry that could impact Sandisk's future market performance. Additionally, while Sandisk expects adjusted earnings to jump 160% in Q2, analysts caution that the company may face challenges if supply exceeds demand in the memory chip market.
This situation highlights the volatility in the semiconductor sector, where despite strong demand for AI infrastructure, investor sentiment can shift rapidly based on market dynamics and institutional actions.
Wall Street analysts forecast SNDK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SNDK is 283.69 USD with a low forecast of 220.00 USD and a high forecast of 410.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
Wall Street analysts forecast SNDK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SNDK is 283.69 USD with a low forecast of 220.00 USD and a high forecast of 410.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 470.800
Low
220.00
Averages
283.69
High
410.00
Current: 470.800
Low
220.00
Averages
283.69
High
410.00
Mizuho
Outperform
upgrade
$410 -> $600
2026-01-27
New
Reason
Mizuho
Price Target
$410 -> $600
AI Analysis
2026-01-27
New
upgrade
Outperform
Reason
Mizuho raised the firm's price target on SanDisk to $600 from $410 and keeps an Outperform rating on the shares. The firm believes pricing tailwinds in the legacy DRAM and NAND markets will drive better sales and margins in 2026 for the memory group. Mizuho expects no new NAND wafer capacity in 2026 and 2027 as NAND demand expands over 20% in 2026. Annualized NAND pricing is estimated to be up 330% year-over-year in 2026 and 50% in 2027 with tight supply as AI server demand accelerates, the analyst tells investors in a research note. The firm upped price targets in memory as a result.
Morgan Stanley
Joseph Moore
Overweight
upgrade
$273 -> $483
2026-01-26
New
Reason
Morgan Stanley
Joseph Moore
Price Target
$273 -> $483
2026-01-26
New
upgrade
Overweight
Reason
Morgan Stanley analyst Joseph Moore raised the firm's price target on SanDisk to $483 from $273 and keeps an Overweight rating on the shares. NAND fundamentals remain "exceptional," driven by the surge in enterprise solid state drives that has meaningfully tightened the consumer markets as well. The firm is "again considerably raising numbers" on NAND pricing strength, though it notes that its estimates stay in-line with management guidance for the December quarter. For March, the firm now models revenue and non-gaap EPS of $2.94B and $5.71 based on moving NAND average selling prices from up 10% quarter-over-quarter to up 20% and bits from down 8% sequentially to down 6%, notes the analyst, who adds that the firm's through cycle estimate of $13 in earnings power is "probably too low" with numbers coming higher.
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Citi
NULL -> Buy
upgrade
$280 -> $490
2026-01-20
Reason
Citi
Price Target
$280 -> $490
2026-01-20
upgrade
NULL -> Buy
Reason
Citi raised the firm's price target on SanDisk to $490 from $280 and keeps a Buy rating on the shares. The firm adjusted targets in the technology hardware group as part of its 2026 outlook. Citi believes hyperscaler data center spending "remains robust," which is driving demand for power, storage, connectors, and fiber.
Evercore ISI
Outperform
maintain
$190 -> $230
2026-01-16
Reason
Evercore ISI
Price Target
$190 -> $230
2026-01-16
maintain
Outperform
Reason
Evercore ISI raised the firm's price target on Western Digital (WDC) to $230 from $190 and keeps an Outperform rating on the shares. The firm told investors that Western Digital's remaining 5% stake in SanDisk (SNDK) is likely to be monetized in the coming weeks as the companies approach the one-year anniversary of their separation. Evercore expects proceeds to be used to further reduce debt on the balance sheet with excess capital returned to shareholders via dividend and share repurchase program. Assuming Western Digital deploys approximately 80% of this to share repurchases, the firm anticipates the company could see 3%-4% EPS upside.
About SNDK
SanDisk Corporation is a developer, manufacturer and provider of data storage devices and solutions based on NAND flash technology and has consumer brands and franchises globally. The Company's solutions include a range of solid state drives (SSDs) embedded products, removable cards, universal serial bus (USB) drives, and wafers and components. Its broad portfolio of technology and products addresses multiple end markets of cloud, client and consumer. Its cloud end market is comprised primarily of products for public or private cloud environments and enterprise customers. The Company, through the client end market, provides numerous data solutions that it incorporates into its client’s devices, which consist of solid state drive desktop and notebook personal computers, gaming consoles and set top boxes, and flash-based embedded storage products. The Company serves the consumer end market with a portfolio of solid state drives and removable flash, including cards and USB flash drives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
