On August 10, SanDisk Corp. rose 3.1% in regular trading, trading at approximately 1249.21 USD/share, with Turnover of 28.83 billion USD.

On the news front, investment research firm Argus Research upgraded SanDisk Corp. to a Buy rating. On the same day, China Renaissance maintained its Buy rating and issued a $2,000 price target, while Bank of America also reiterated a $2,500 target price, citing AI storage demand as a key driver for sustained earnings growth. The concentrated bullish signals from multiple institutions provided sentiment recovery support for the stock, which had previously declined sharply following weaker-than-expected guidance.

SanDisk Corp. reported Q4 fiscal year results on August 5, delivering adjusted EPS of $39.25, well above the $34.37 consensus estimate. However, the company's Q1 revenue guidance of $10.3-10.8 billion fell short of the $11.16 billion market expectation, triggering a sell-off that saw shares drop approximately 6.8% in a single session. Multiple brokerages including Citi, Jefferies, and Wells Fargo subsequently cut their price targets. According to FactSet data, the current analyst consensus rating remains Overweight with an average price target of approximately $2,234, significantly above the current trading level.

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