Sandisk, US80004C2008

Cantor Fitzgerald lowers target for Sandisk stock to USD 2,200

Published on 10/26/2026 at 12:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sandisk stock costs EUR 1,115.00 on October 26, 2026 ahead of fiscal first-quarter results. The call is set for October 29.

Upcoming results test the cycle

Cantor Fitzgerald set a USD 2,200 target for Sandisk stock on October 26, 2026.
Fiscal fourth-quarter revenue reached USD 8.965 billion, up 372 percent year over year.
Sandisk stock trades at EUR 1,115.00 at 12:22 p.m. CEST at Lang & Schwarz on October 26, 2026.

Sandisk, US80004C2008, Illustration mit AI erstellt.

As Benzinga reported on October 26, 2026, Cantor Fitzgerald lowered its target for Sandisk to USD 2,200 while maintaining an Overweight rating. Sandisk stock was trading at EUR 1,115.00 at Lang & Schwarz on October 26, 2026 at 12:22 p.m. CEST, putting the analyst action ahead of the companys next results.

Three events frame the stock

On August 5, 2026, Sandisk reported fiscal fourth-quarter revenue of USD 8.965 billion, up 372 percent year over year, while non-GAAP earnings per share reached USD 39.25, according to Yahoo Finance. On October 5, 2026, Mizuho raised its target from USD 1,875 to USD 2,050, the same report said. Cantor Fitzgeralds October 26 target of USD 2,200 is the latest dated analyst action.

What will October 29 mean for margins?

The upcoming report will test whether Sandisk can extend the sharp operating improvement shown in fiscal fourth-quarter results. Non-GAAP gross margin reached 84.6 percent in that quarter, compared with 26.4 percent a year earlier, while data center revenue rose to USD 2.977 billion, up 103 percent sequentially, according to Yahoo Finance. Managements fiscal first-quarter guidance calls for revenue of USD 10.30 billion to USD 10.80 billion and non-GAAP earnings per share of USD 44.00 to USD 46.00.

Results date and annual meeting

Sandisk announced on September 29, 2026 that it will report fiscal first-quarter 2027 results on October 29, 2026, with the conference call scheduled for 1:30 p.m. Pacific Time, according to the companys Sandisk release. The annual meeting of stockholders is scheduled for November 17, 2026, according to the companys investor-relations calendar.

Stock price and valuation context

The current euro quotation gives German investors a clear reference ahead of the results. Sandisk was trading at EUR 1,115.00 at Lang & Schwarz on October 26, 2026 at 12:22 p.m. CEST. The Nasdaq listing, ticker SNDK, and the companys technology classification place the stock in the semiconductor memory market, where the next report will provide the next major operating checkpoint. The further course of trading is shown by the continuously updated real-time quote of Sandisk stock.