Bernstein has initiated coverage on Sandisk Corp (SNDK) with an Outperform rating, marking the firm's first assessment of the company's investment potential. This action, taken on September 15, 2025, comes as Sandisk Corp trades at $198.09.
The company, headquartered in Milpitas, California, develops and manufactures storage devices and solutions based on NAND flash technology. Sandisk Corp serves various end markets, including cloud, client, and consumer sectors, with a wide range of products such as solid state drives (SSDs), removable cards, and USB drives.
As of November 20, 2025, Sandisk boasts a market capitalization of $36.0 billion, though it reports a trailing twelve months (TTM) earnings per share (EPS) of -11.84. Upcoming earnings are projected for August 12, 2026, with an estimated EPS of $3.91 and revenue of $2.7 billion.
Analyst consensus indicates a Buy rating, with 7 Strong Buy, 10 Buy, and 8 Hold ratings among 25 total analysts. Recent ratings include Bernstein's initiation, alongside other firms maintaining their ratings in the past 90 days, reflecting a generally favorable outlook on the stock.