Should You Buy Sandisk Corp (SNDK) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/30
Buy now for momentum/catalyst-driven upside. The stock is in a strong uptrend (bullish MAs + expanding positive MACD) and is gapping higher on a major earnings beat plus sharply higher forward guidance tied to AI/datacenter NAND demand. While RSI is extremely overbought (near-term pullback risk), the wave of same-day analyst upgrades/price-target raises to $690–$800 suggests Wall Street believes earnings power is being structurally reset higher, making dip-waiting less aligned with an impatient buyer.
Technical Analysis
Trend is strongly bullish: SMA_5 > SMA_20 > SMA_200 confirms an established uptrend, and the MACD histogram (+9.768) is above zero and expanding, signaling strengthening upside momentum. However, RSI_6 at 88.5 indicates the move is stretched/overbought and price may consolidate after the gap. Key levels: pivot support ~523; if momentum holds, next upside reference is R1 ~629 then R2 ~694. With price ~543 (+20% pre-market move noted), the setup is a momentum continuation candidate rather than a value entry.
Analyst Ratings and Price Target Trends
Recent trend is decisively bullish: a cluster of same-day upgrades/raises (2026-01-30) pushed targets up to $690 (Morgan Stanley), $700 (Jefferies), $710 (Mizuho), $725 (Raymond James upgrade to Outperform), and $800 (Cantor), all reiterating Buy/Overweight/Outperform-type views. Wall Street pros: AI/datacenter-driven demand, tight NAND supply, accelerating pricing, and structurally higher earnings power (some models reset EPS assumptions sharply higher). Cons: recognition that memory is cyclical and a future down-cycle will eventually arrive, though several firms see no clear end in sight near-term. Holdings/flows: hedge funds and insiders are reported neutral recently; no congress trading data in the last 90 days.
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 USD and a high forecast of 410 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.
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 USD and a high forecast of 410 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.
Current: 576.250
Current: 576.250
