Zacks upgrades Sandisk stock to strong buy ahead of October 29 results
Published on 10/20/2026 at 11:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSEarnings and analyst setup
- Zacks Research upgraded Sandisk to strong buy on October 15, 2026.
- Fiscal fourth-quarter revenue reached USD 8.97 billion, up 372.00 percent year over year.
- Sandisk stock trades at EUR 1,185.00 at 11:35 a.m. CEST at Lang & Schwarz on October 20, 2026.
Sandisk (ISIN US80004C2008) received a strong-buy upgrade from Zacks Research on October 15, 2026. MarketBeat reported that the rating moved from hold to strong buy. Sandisk stock was trading at EUR 1,185.00 at Lang & Schwarz at 11:35 a.m. CEST on October 20, 2026.
Three milestones shape the setup
On August 5, 2026, Sandisk reported fiscal fourth-quarter revenue of USD 8.97 billion, up 372.00 percent year over year, while adjusted earnings per share reached USD 39.25. TheStreet also reported that data center revenue reached USD 2.98 billion in the quarter.
On October 5, 2026, Mizuho analyst Vijay Rakesh raised his price target to USD 2,050 from USD 1,875 and reiterated a Buy rating, according to TheStreet. On October 15, 2026, Zacks Research upgraded its rating from hold to strong buy, according to MarketBeat.
What will October 29 test?
The next report will test whether the recent earnings pace can continue. Sandisk guided fiscal first-quarter 2027 revenue to USD 10.30 billion to USD 10.80 billion, non-GAAP gross margin to 83.00 percent to 85.00 percent, and adjusted earnings per share to USD 44.00 to USD 46.00. The company expects to publish those results on October 29, 2026, according to its Sandisk release.
Next dates for Sandisk
The fiscal first-quarter 2027 earnings call is scheduled for October 29, 2026, and the annual meeting of stockholders is scheduled for November 17, 2026, according to the company's investor-relations calendar.
Price stays tied to earnings expectations
Sandisk designs storage products based on NAND flash memory for data centers, edge systems and consumer devices. Its fiscal 2026 revenue was USD 20.25 billion, compared with USD 7.36 billion in fiscal 2025, while operating profit rose to USD 12.39 billion from a USD 1.38 billion loss.
Sandisk stock was trading at EUR 1,185.00 at Lang & Schwarz on October 20, 2026 at 11:35 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Sandisk stock.
Sandisk stock facts
- Company: Sandisk Corporation
- ISIN: US80004C2008
- Ticker: SNDK
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 20, 2026, 11:35 a.m. CEST): EUR 1,185.00
- Market capitalization: USD 202.8 billion (as of October 15, 2026)
- Sector / Industry: Technology / Computer Hardware
- Next earnings date: October 29, 2026
Market context: Market report Nasdaq Composite.
