Sandisk (NASDAQ:SNDK – Get Free Report)‘s stock had its “outperform” rating reissued by equities research analysts at Wedbush in a research report issued on Wednesday, MarketBeat.com reports. They currently have a $220.00 target price on the data storage provider’s stock, up from their prior target price of $60.00. Wedbush’s target price points to a potential upside of 12.35% from the stock’s current price.
SNDK has been the topic of a number of other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Sandisk in a research report on Wednesday, October 8th. Sanford C. Bernstein upgraded Sandisk to a “strong-buy” rating in a research report on Tuesday, September 16th. Morgan Stanley increased their price target on Sandisk from $70.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, September 11th. Wells Fargo & Company increased their price target on Sandisk from $50.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, October 13th. Finally, Mizuho increased their price target on Sandisk to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $105.19.
Check Out Our Latest Report on Sandisk
Sandisk Trading Down 4.2%
Shares of NASDAQ SNDK opened at $195.82 on Wednesday. The stock’s 50 day moving average price is $106.72 and its two-hundred day moving average price is $63.54. Sandisk has a 52-week low of $27.89 and a 52-week high of $205.64. The stock has a market capitalization of $28.67 billion and a P/E ratio of -337.62. The company has a quick ratio of 2.11, a current ratio of 3.56 and a debt-to-equity ratio of 0.20.
Institutional Investors Weigh In On Sandisk
Several large investors have recently modified their holdings of SNDK. Osaic Holdings Inc. acquired a new stake in shares of Sandisk in the second quarter worth $317,000. Corient Private Wealth LLC acquired a new stake in shares of Sandisk in the second quarter worth $353,000. Praxis Investment Management Inc. acquired a new stake in shares of Sandisk in the third quarter worth $533,000. GAMMA Investing LLC acquired a new stake in shares of Sandisk in the third quarter worth $439,000. Finally, Voya Investment Management LLC acquired a new stake in shares of Sandisk in the third quarter worth $8,917,000.
About Sandisk
SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components.
Further Reading
Receive News & Ratings for Sandisk Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Sandisk and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
