B of A Securities Reiterates Buy Rating for Sandisk Corporation
Analyst Wamsi Mohan from B of A Securities reaffirms a buy rating for Sandisk Corporation with a $2,500 price target, a 21.79% upside from the current price.
Key Points
- B of A Securities reiterated its buy rating for Sandisk Corporation (SNDK) with a $2,500 price target on July 1, 2026.
- B of A Securities's $2,500 price target implies 21.79% upside from Sandisk Corporation's ($SNDK) current $2,052.68 share price.
- Shares of Sandisk Corporation traded near $2,204 on Wednesday, with a market cap of approximately $336.7 billion.
- Insider transactions include sales by executives like Chief Legal Officer Bernard Shek, while institutional activity shows mixed changes.
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B of A Securities has reiterated its buy rating for Sandisk Corporation (NasdaqGS: SNDK), maintaining a price target of $2,500. This reaffirmation by analyst Wamsi Mohan came on July 1, 2026. Shares of Sandisk traded near $2,204 on Wednesday, reflecting the company's substantial market presence.
B of A Securities vs. the S&P 500
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Sandisk Corporation Stock Up 38.2%
Shares of Sandisk Corporation traded near $2,204 on NasdaqGS as of Wednesday. The company boasts a market cap of approximately $336.7 billion and a P/E ratio of 77.5, with a forward P/E of 12.2. Sandisk's stock has seen a 52-week low of $40.10 and a high of $2,354.39. The 50-day moving average stands at $1,544.18, while the 200-day moving average is $674.40. The company maintains a healthy current ratio of 4.78 and a quick ratio of 3.43, with a debt-to-equity ratio of 1.50.
$SNDK price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Sandisk Corporation reported revenue of $13.18 billion, marking a growth of 2.51%. The company achieved an EPS of $29.33, with a net margin of 34.2% and a return on equity of 39.3%. Investors can look forward to the next earnings release on August 24, 2026.
Insider Buying and Selling at Sandisk Corporation
Recent insider activity at Sandisk Corporation includes several transactions. Chief Legal Officer Bernard Shek sold 117 shares on June 20, 2026, at an average price of $2,184.75. Earlier, on June 3, 2026, Shek sold 600 shares at $1,736.00 under a planned transaction. EVP and Chief Technology Officer Alper Ilkbahar sold 2,694 shares on June 2, 2026, and 2,000 shares on June 1, 2026, at an average price of $1,756.58. On May 25, 2026, Chairman and CEO David Goeckeler sold 1,569 shares at $1,478.69, and Ilkbahar sold 653 shares at the same price.
Analysts Set New Price Targets
On July 1, 2026, B of A Securities maintained its buy rating for Sandisk Corporation with a $2,500 price target. Other analysts have also shown confidence in the stock. On June 30, 2026, Bernstein maintained a buy rating with a target of $3,000. Citigroup also maintained a buy rating with a $2,500 target on June 25, 2026. The consensus recommendation for Sandisk is a buy, with an average target price of $1,845.64 among 22 analysts.
About Sandisk Corporation
Sandisk Corporation is a leading player in the technology sector, specializing in data storage solutions using NAND flash technology. Based in Milpitas, California, the company offers a variety of products, including solid-state drives for PCs and gaming consoles, embedded storage for mobile devices, and removable storage media. Under the leadership of CEO David V. Goeckeler, Sandisk serves a global market, employing around 11,000 people.
Bottom Line
B of A Securities' reiteration of a buy rating for Sandisk Corporation highlights the firm's confidence in its future performance. Investors closely watch such analyst insights, though it's important to remember that these ratings are based on past data and projections. Sandisk's strong market position and technological expertise continue to draw attention in the competitive tech industry.
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