Bernstein Reiterates Buy Rating on Sandisk with $3,000 Target
Bernstein maintains its buy rating on Sandisk, setting a $3,000 target, a 46.15% upside from the current price.
Key Points
- On June 30, 2026, Bernstein reiterated its buy rating on Sandisk Corporation (SNDK) with a price target of $3,000.
- Bernstein's $3,000 price target implies 46.15% upside from Sandisk Corporation's ($SNDK) current $2,052.68 share price.
- Sandisk shares traded near $2,025 on Tuesday, with a market cap of approximately $309.6 billion and a forward P/E of 11.3.
- Recent insider sales at Sandisk included transactions by executives Bernard Shek and Alper Ilkbahar in June 2026.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
On June 30, 2026, Bernstein reiterated its buy rating on Sandisk Corporation (NasdaqGS: SNDK), setting a price target of $3,000. Analyst Mark C. Newman led the evaluation. Shares of Sandisk traded near $2,025 on Tuesday.
Bernstein vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Sandisk Corporation Stock Up 38.2%
Shares of Sandisk Corporation traded near $2,025 on Tuesday. The company has a significant market cap of approximately $309.6 billion. Its forward P/E ratio is about 11.3, indicating how investors expect the company to perform in the future. The stock has seen a wide 52-week range from $40.10 to $2,354.39, with moving averages sitting at $1,521.57 for 50 days and $664.52 for 200 days. Sandisk also maintains a healthy current ratio of 4.78 and a quick ratio of 3.43, suggesting strong short-term financial stability.
$SNDK price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Sandisk reported revenue of $13.18 billion, reflecting a growth of 2.51%. The company's net margin stands at 34.2%, with a return on equity of 39.3%. Earnings per share were reported at $29.27. The next earnings release is scheduled for August 24, 2026.
Insider Buying and Selling at Sandisk Corporation
Recent insider activity at Sandisk included several sales. Chief Legal Officer Bernard Shek sold 117 shares on June 20, 2026, at an average price of $2,184.75. Earlier in the month, on June 3, 2026, Shek sold 600 shares at $1,736 under a planned transaction. Executive Vice President and Chief Technology Officer Alper Ilkbahar sold 2,694 shares on June 2, 2026, at no reported price, and 2,000 shares on June 1, 2026, at $1,756.58. CEO David Goeckeler sold 1,569 shares on May 25, 2026, at $1,478.69.
Analysts Set New Price Targets
On June 30, 2026, Bernstein maintained its buy rating on Sandisk with a price target of $3,000. Other firms like Citigroup and Mizuho also maintained buy ratings, with targets of $2,500 and $2,200, respectively, in June 2026. The consensus among analysts is a buy, with a mean price target of $1,772.91, based on 22 opinions.
About Sandisk Corporation
Sandisk Corporation, headquartered in Milpitas, California, develops and sells data storage devices and solutions using NAND flash technology. The company provides solid-state drives for various applications, including PCs, gaming consoles, and automotive uses. Sandisk operates globally, serving OEMs, datacenters, and retail markets. Led by CEO David V. Goeckeler, the company employs about 11,000 people.
Bottom Line
Bernstein's reiterated buy rating and $3,000 price target reflect confidence in Sandisk's potential. The company's strong market position and financial health make it a closely watched stock. Investors should note that analyst ratings and price targets are forward-looking and based on current information, which can change.
Get Sandisk Corporation alerts
New 13F filings, insider trades, and analyst moves on $SNDK, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.