Why Sandisk Stock Is Climbing Higher Today

The company recently reported strong Q4 2026 financial results.

After trading flat last week, Sandisk (NASDAQ: SNDK) stock is starting this week off on an auspicious note. With a firm shifting its perspective on Sandisk stock, investors are finding sufficient motivation to pick up shares of the memory stock.

As of 12:22 p.m. ET, shares of Sandisk are up 3.3%, retreating from an earlier rise of 5.4%.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »

Taking a more bullish stance, Argus upgraded Sandisk stock to buy from hold this morning.

According to Thefly.com , Argus based its decision on Sandisk stock dropping $500 from where it was at when the firm initiated coverage, as well as the fact that the company's is producing strong financial results.

Last week, Sandisk reported better-than-expected fourth-quarter 2026 financial results that included revenue of $8.97 billion and adjusted earnings per share (EPS) of $39.25. Analysts had anticipated sales of $8.4 billion and adjusted EPS of $34.51.

Immediately following the company posted its Q4 2026 financial results, analysts revisited their price targets -- both positively and negatively. Wells Fargo slashed its price target on Sandisk stock to $1,400 from $1,620, while Royal Bank of Canada 's RBC Capital raised its price target to $1,300 from $1,000.