Sandisk Joins S&P 500: Sandisk (SNDK) will replace The Interpublic Group of Companies (IPG) in the S&P 500 index effective November 28, 2025.
Changes in S&P SmallCap 600: PTC Therapeutics (PTCT) will take Sandisk's place in the S&P SmallCap 600 on the same date, while Upwork (UPWK) will replace Premier (PINC) due to an acquisition by Patient Square Capital.
First Interstate BancSystem Replacement: First Interstate BancSystem (FIBK) is set to replace Hanesbrands (HBI) in the S&P SmallCap 600 effective December 2, following Gildan Activewear's acquisition of Hanesbrands.
Recent Developments: The article also mentions recent results for First Interstate BancSystem and provides insights into Upwork's Analyst/Investor Day, along with updates on Sandisk and Interpublic Group of Companies.
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 264.85 USD with a low forecast of 220.00 USD and a high forecast of 300.00 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.
13 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 264.85 USD with a low forecast of 220.00 USD and a high forecast of 300.00 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
2 Hold
0 Sell
Strong Buy
Current: 409.240
Low
220.00
Averages
264.85
High
300.00
Current: 409.240
Low
220.00
Averages
264.85
High
300.00
Mizuho
Outperform
maintain
$250 -> $410
Al Analysis
2026-01-09
Reason
Mizuho
Price Target
$250 -> $410
Al Analysis
2026-01-09
maintain
Outperform
Reason
Mizuho raised the firm's price target on SanDisk to $410 from $250 and keeps an Outperform rating on the shares. The firm adjusted targets in the semiconductors and semiconductor capital equipment group as part of its 2026 outlook. Mizuho sees continued upside for the group in 2026 due to "attractive valuations," but more modest than 2025. The analyst' top sectors in 2026 are AI accelerators and wafter fab equipment, Optical, and memory, while the firm remains cautious on electric vehicles, autos and analog as well as computers and handsets. Mizuho's top picks for 2026 are Nvidia, Lumentum and Broadcom.
JPMorgan
Neutral
initiated
$235
2025-12-08
Reason
JPMorgan
Price Target
$235
2025-12-08
initiated
Neutral
Reason
JPMorgan initiated coverage of SanDisk with a Neutral rating and $235 price target. The firm says Sandisk offers leverage to the artificial intelligence-driven enterprise solid state disk "supercycle" with a "structurally advantaged" cost base via its Kioxia joint venture. However, JPMorgan views the company's current pricing power as a cyclical peak rather than a structural reset.
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China Renaissance
NULL -> Buy
initiated
$322
2025-12-05
Reason
China Renaissance
Price Target
$322
2025-12-05
initiated
NULL -> Buy
Reason
China Renaissance initiated coverage of SanDisk with a Buy rating and $322 price target.
Morgan Stanley
Overweight
maintain
$263 -> $273
2025-11-24
Reason
Morgan Stanley
Price Target
$263 -> $273
2025-11-24
maintain
Overweight
Reason
Morgan Stanley raised the firm's price target on SanDisk to $273 from $263 and keeps an Overweight rating on the shares. Memory stocks have sold off lately due to concerns about higher capital spending, or the view that shortages may be easing, but neither impacts the firm's view, says the analyst, who contends that the recent selloff does not seem warranted as reports of tightening memory supply points to very strong earnings ahead.
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.
