Key Highlights

● Sandisk closed at $1,299.30 on October 16, trading below the analyst target.

● The consensus 12-month price target is $2,173, implying about 67.2% upside.

● Analysts are split 21 Buy, 3 Hold, and 1 Sell on the stock.

● Targets range from $1,000 to $3,600 across 25 analysts.

Sandisk (NASDAQ:SNDK) closed at $1,299.30 on October 16, 2026, according to market data. The consensus analyst price target is $2,173.00, which implies potential upside of about 67.2% from that close, although targets are forecasts and not guarantees. Sandisk is a member of the S&P 500. The shares are down sharply on the week's last session and results are due on 29 October.

What Is the Latest Analyst Price Target?

Based on 25 analysts, the mean price target is $2,173.00 and the median is $2,150. The highest target is $3,600 and the lowest is $1,000. The consensus rating is Buy. If the consensus proves accurate, the shares would trade about 67.2% above the Friday close, but the target is a twelve-month style estimate that depends on many assumptions.

What Are Analysts Saying?

The rating split is 21 Buy, 3 Hold, 1 Sell. Recent actions include Citi (Buy, $2,100, 9 October), Mizuho (Buy, raised from $1,875 to $2,050, 6 October), Bernstein (Buy, $3,000, 5 October), Rosenblatt (initiating at Buy with $2,400, 21 September) and Susquehanna (Buy, $2,745, 12 September). Different data providers can show slightly different figures, so readers should treat the consensus as an approximate guide rather than a precise measure.

Sandisk reported fiscal fourth-quarter 2026 results on 5 August: revenue of $8.965 billion, up 372% year on year, and non-GAAP earnings of $39.25 per share. It guided first-quarter fiscal 2027 revenue to $10.30 billion to $10.80 billion and non-GAAP earnings to $44.00 to $46.00. Coverage on 6 August said the shares fell about 9% premarket as the outlook, though above LSEG estimates, fell short of investor hopes.

What Could Help the Stock Reach the Price Target?

Guided sequential growth and the company's expectation of strong data-centre revenue growth are the main supports for the consensus, which implies substantial upside. Twenty-one of 25 analysts rate the shares Buy or Strong Buy. The consensus target suggests analysts expect earnings to grow, but that outcome is not certain.

What Could Prevent the Stock Reaching the Target?

The low target of $1,000 is below the current price, and the shares fell 6.85% on 16 October. Analyst data was last updated on 9 October, so it predates the latest move. RBC has said investors may stay sceptical and that margins could be near their peak. Broader market sentiment, interest rates and competition could also weigh on the shares.

What Should Investors Watch Next?

Sandisk will report fiscal first-quarter 2027 results on Thursday October 29, 2026, with a call at 1:30 p.m. Pacific. Investors may also watch further broker target revisions, which can shift the consensus quickly.

The Case for a Big Re-Rating

Sandisk (SNDK) closed at $1,299.30 against a consensus target of $2,173.00, a gap of about 67.2%. The consensus target suggests analysts see room for appreciation, but forecasts can be wrong and the range of targets, from $1,000 to $3,600, shows genuine disagreement.