Is Sandisk Corp (NASDAQ: SNDK) Stock Ready For A Higher Run In Its Share Price?

In the latest trading session, 1.36 million Sandisk Corp (NASDAQ:SNDK) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $34.88 changing hands around $3.4 or 10.82% at last look, the market valuation stands at $4.01B. SNDK’s current price is a discount, trading about -67.32% off its 52-week high of $58.36. The share price had its 52-week low at $27.89, which suggests the last value was 20.04% up since then. When we look at Sandisk Corp’s average trading volume, we note the 10-day average is 4.09 million shares, with the 3-month average coming to 4.85 million.

Sandisk Corp (NASDAQ:SNDK) trade information

Instantly SNDK is in green as seen in intraday trades today. With action -27.49%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -3.10%, with the 5-day performance at -27.49% in the red. However, in the 30-day time frame, Sandisk Corp (NASDAQ:SNDK) is -34.18% down.

The consensus price target for the stock as assigned by Wall Street analysts is 65, meaning bulls need an upside of 46.34% from its recent market value. According to analyst projections, SNDK’s forecast low is 60 with 80 as the target high. To hit the forecast high, the stock’s price needs a -129.36% plunge from its current level, while the stock would need to soar -72.02% for it to hit the projected low.

Sandisk Corp (SNDK) estimates and forecasts

6 analysts are of the opinion that Sandisk Corp’s revenue for the current quarter will be 1.62B.

Sandisk Corp (NASDAQ:SNDK)’s Major holders

Among Mutual Funds, the top two as of Feb 28, 2025 were iShares Trust-iShares Core S&P Small-Cap ETF and Fidelity Select Portfolios-Semiconductors Portfolio. With 7.34 shares estimated at $252.98 million under it, the former controlled 6.39% of total outstanding shares. On the other hand, Fidelity Select Portfolios-Semiconductors Portfolio held about 3.31% of the shares, roughly 3.81 shares worth around $131.18 million.