What the analyst said
Mizuho analyst Vijay Rakesh raised the price target on SanDisk (NASDAQ: SNDK) to $57 (from $50) while maintaining an Outperform rating.
“No change to our JunQ Rev/EPS estimates of $1.80B/$0.02 (cons. $1.81B/$0.03), while adjusting F26E from $8.30B/$5.52 to $8.30B/$5.19 (cons. $8.26B/$5.13) and F27E from $8.95B/$7.40 to $9.15B/$8.39 (cons. $9.10B/$8.28). We reiterate SNDK at Outperform, raise PT to $57 (prior: $50), 11.0x our F26E P/E (prior: 9.1x) with NAND pricing improving, driving better GMs, while demand is trending as the PC refresh still remains in early stages and handsets delivering early tailwinds form AI on-device, while HBF and 3D Matrix memory remain long-term tailwinds.”
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Where the price stands
SNDK trades at $1,002.
Since the note SNDK has moved +2070% (from $46.20). The 12-month window closed on July 10, 2026.