What the analyst said
Mizuho analyst Vijay Rakesh reiterated an Outperform rating and $50 price target on SanDisk (NASDAQ: SNDK) after a hosting a fireside chat with Chairman and CEO David Goeckeler during the 2025 Mizuho Tech Conference.
“Key takeaways include: 1) AI Data Lake “warming” drives $100B NAND TAM by 2030E, up from ~$65B today and growing at a~10-15% CAGR, as Explosive AI Inference growth looks attractive,
2) new Stargate eSSD targeting AI/Data Center (industry bits growing ~20% y/y) with QLC write parity over time as continued training drives need for more “warm” storage,
3) High Bandwidth Flash (HBF) and 3D Matrix Potential to drive long-term growth as SNDK looks to continue taking advantage of the AI boom, and
4) focus on node transitions and profitability while remaining disciplined on wafer starts.”
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 $997.
Since the note SNDK has moved +2377% (from $40.23). The 12-month window closed on June 12, 2026.