Mizuho Launches Coverage of Sandisk at Outperform, $60 Price Target
- Rating
- Outperform
- New coverage
- Target
- $60
- First target
- Downside
- −94%
- SNDK at $1,000 today
Mizuho’s latest target on sandisk is now $1,900 (Oct 30, 2026); the median of 8 firms is $2,175. Mizuho has reached 88% of its year-old targets (69 scored).
What the analyst said
Mizuho analyst Vijay Rakesh initiates coverage on SanDisk (NASDAQ: SNDK) with an Outperform rating and a price target of $60.
“We are initiating SNDK at Outperform – $60 PT. Our investment points are: 1) SNDK is a leader in the Client/Consumer market with the Sandisk consumer brand and a dominating global 45% share, positioning it well for Edge AI ramps;
2) SNDK is also growing market share in Enterprise SSDs – for AI data centers – growing >100% y/y in 2024, in a fast-growing, margin-accretive segment,
3) SNDK has a strong product roadmap with BiCS8 (218L) NAND to BiCS9 332L; industry-leading NAND delivered with ~50% less capex intensity than peers, and
4) we see improving industry fundamentals with NAND pricing to inflect higher in 2H25E as 2025E wafer capacity is expected to decline ~13% y/y, improving supply/demand balance.
Our $60 PT is 1.1x F26E EV/S, a slight discount to peers despite improving pricing, eSSD share gains, and solid AI-demand exposure.”
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Where the price stands
SNDK trades at $1,000.
Since the note SNDK has moved +1861% (from $51). The 12-month window closed on March 10, 2026.