SanDisk Corporation (NASDAQ:SNDK), a global leader in flash storage solutions, today launched two new, USB 3.0 flash drives – the 128GB* SanDisk Ultra Fit™ USB 3.0 Flash Drive, the world’s smallest USB 3.0; and the 256GB SanDisk Ultra® USB 3.0 Flash Drive, SanDisk’s highest capacity USB flash drive to-date. The new offerings enhance SanDisk’s award-winning USB line-up with impressive capacities and performance, delivering speeds up to 10 times faster than a standard USB 2.0 drive1. With these higher capacities, consumers can now save more of their favorite videos, photos and music on their laptops, TVs, gaming consoles or other entertainment systems. (Original Source)
Shares of SanDisk Corp opened today at $68.96 and are currently trading down at $68.445. SNDK has a 1-year high of $108.77 and a 1-year low of $63. The stock’s 50-day moving average is $67.74 and its 200-day moving average is $81.44.
On the ratings front, SanDisk has been the subject of a number of recent research reports. In a report issued on May 22, Cowen analyst Timothy Arcuri maintained a Hold rating on SNDK, with a price target of $70, which represents a slight upside potential from current levels. Separately, on the same day, Mizuho’s Vijay Rakesh assigned a Hold rating to the stock and has a price target of $74.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Timothy Arcuri and Vijay Rakesh have a total average return of 17.3% and 36.2% respectively. Arcuri has a success rate of 66.0% and is ranked #169 out of 3610 analysts, while Rakesh has a success rate of 73.1% and is ranked #18.
In total, 2 research analysts have rated the stock with a Sell rating, 9 research analysts have assigned a Hold rating and 8 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $69.92 which is 1.4% above where the stock opened today.
SanDisk Corp designs, develops and manufactures data storage solutions using flash memory, proprietary controller and firmware technologies.