Cantor Fitzgerald Cuts Sandisk (SNDK) Price Target to $2,200
Key Points
- Cantor Fitzgerald reduced its price target on Sandisk from $2,900 to $2,200 on October 26, 2026, while keeping an Overweight rating.
- Cantor Fitzgerald's $2,200 price target implies 69.77% upside from Sandisk Corporation's ($SNDK) current $1,295.88 share price.
- As of October 26, 2026, Sandisk shares recently traded at $1,238.03, about equal to the closing price of $1,238.03 on October 23, 2026.
- The average price target among analysts for Sandisk is now $2,173.00, with 24 analysts providing opinions.
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On October 26, 2026, Cantor Fitzgerald lowered its price target on Sandisk Corporation (SNDK) to $2,200 from $2,900. The firm maintained its Overweight rating in the process. This update is part of Cantor Fitzgerald's broader analysis of the company's recent performance.
The new price target reflects a significant reduction, now 24.3% below the previous target. Sandisk shares recently traded at $1,238.03, which is about equal to their closing price of $1,238.03 on October 23, 2026. The stock is currently below its 50-day moving average by 22.3% and 47.4% below its 52-week high of $2,354.39.
SNDK
Sandisk Corporation
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Other Institutional Activity in Sandisk
Oriental Harbor Investment Master Fund grew its holdings in Sandisk by 1,483 shares, ending with 78,759 shares worth about $137.0 million. Meanwhile, SBI Securities trimmed its position by 2,614 shares, bringing its total down to 11,172 shares valued at approximately $19.4 million. Yousif Capital Management reduced its stake by 572 shares to hold 13,047 shares worth about $22.7 million. E. Ohman J:or Asset Management held steady at 3,780 shares, valued at about $6.6 million.
Sandisk Corporation Stock Up 4.7%
As of October 26, 2026, Sandisk shares are trading at $1,238.03, which is significantly below the average analyst target of $2,173.00. The stock is also below its 50-day moving average of $1,593.45 and about equal to its 200-day average of $1,236.33. This suggests that the stock has struggled to maintain momentum in the market.
$SNDK price target
Sandisk Corporation daily closes and this analyst's $2,200 target. Not advice.
Recent Earnings
Sandisk reported trailing twelve-month revenue of approximately $20.2 billion, reflecting a robust year-over-year growth rate of 371.6%. The company's net margin stands at 56.5%, and it has a return on equity of 91.6%. The next earnings report is scheduled for October 29, 2026.
Insider Buying and Selling at Sandisk Corporation
Insider transactions at Sandisk show that CEO David V. Goeckeler sold 33,841 shares on September 17, 2026, valued at about $53.3 million. Earlier, on September 14, 2026, he also sold 33,838 shares, totaling around $51.7 million. Other officers, including Bernard Shek and CFO Lomelin Luis Felipe Visoso, have also made sales, indicating ongoing activity at the executive level.
Analysts Set New Price Targets
On October 26, 2026, Cantor Fitzgerald maintained its Overweight rating but lowered its price target to $2,200 from $2,900. The average target across analysts is now $2,173.00, with 24 analysts covering the stock. This reflects a cautious outlook amid current market conditions.
About Sandisk
Sandisk Corporation, based in Milpitas, California, develops and sells data storage devices and solutions using NAND flash technology. Its products serve various markets globally, and the company's performance is closely watched by analysts and investors alike.
Bottom Line
Investors should keep an eye on Sandisk's upcoming earnings report on October 29, 2026, for further insights into its performance. Additionally, the recent price target adjustments from analysts highlight the cautious sentiment surrounding the stock's future prospects.
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Source: Cantor Fitzgerald's rating change on $SNDK (Oct 26, 2026). Written by software, not financial advice. How we make alerts