Argus Upgrades Sandisk to Buy, $1,600 Price Target
- Rating
- Buy
- from Hold
- Target
- $1,600
- Upside
- +60%
- SNDK at $1,002 today
The median of 8 current targets on sandisk is $2,175.
What the analyst said
Argus analyst Jim Kelleher upgraded SanDisk (NASDAQ: SNDK) from Hold to Buy with a price target of $1,600.
“Raising rating to BUY on strong fundamentals, recent profit taking • BUY-rated Sandisk Corp. (NSM: SNDK) reported sharply above-consensus results for fiscal 4 Q26 and guided for continued exceptional growth for fiscal 1Q27. • Sandisk is seeing accelerating momentum in data center, driven by artificial intelligence (AI) infrastructure investments, as well as in client solid-state drives (SSDs) and enterprise solutions. • The shares rallied sharply with data storage peers through June 2026 but extended recent profit taking after reporting 4Q26 results. • In our view, the $500 pullback from our coverage launch price, coupled with accelerating financial momentum that is keeping valuations reasonable, creates a compelling price point for an upgrade to BUY. Our 12-month target price is $1,600.”
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Where the price stands
SNDK trades at $1,002.
Since the note SNDK has moved −17% (from $1,212). 12-month window: day 93 of 365, closes on August 10, 2027.