What the analyst said
Mizuho analyst Vijay Rakesh lowered the price target on SanDisk (NASDAQ: SNDK) to $50 (from $60) while maintaining an Outperform rating.
“We continue to rate SNDK Outperform and lower our PT to $50 (prior: $60), 1.1x our F26 EV/S, as we see BiCS8 and upcoming BiCS9 driving share gains in the eSSD market with AI tailwinds and continued leadership in its client/consumer end markets, partially offsetting some near-term weakness in the general NAND market ahead of price increases.
With reports of key NAND suppliers planning to raise prices as early as April, we believe the NAND market could be setup for a slight 2H25E rebound as ASPs could be up 10-15% from current levels, but note that tariffs may limit potential ASP increases and potential topline/margin improvements.”
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
Where the price stands
SNDK trades at $929.
Since the note SNDK has moved +2439% (from $36.58). The 12-month window closed on April 10, 2026.