What the analyst said
Mizuho analyst Vijay Rakesh raised the price target on SanDisk (NASDAQ: SNDK) to $112 (from $57) while maintaining an Outperform rating.
“… we believe SNDK raised prices ~Sep 4… with the NAND/eSSD market improving and tailwinds into 2HC25E. “No change to our SepQ rev/EPS estimates of $2.15B/$0.81 (cons. $2.16B/$0.90), while raising F26E from $8.61B/$4.69 to $8.86B/$5.78 (cons. $8.83B/$5.75) and F27E from $9.00B/ $6.72 to $9.81B/$8.86 (cons. $9.79B/$8.83).
Reiterate SNDK at Outperform, raise PT to $112 (prior: $57), 19.4x our F26E EPS (prior: 12.2x) vs. the SOX at 23x P/E with SNDK benefiting from supply/demand balance in the NAND market as AI on-device continues to drive tailwinds across handset, PC and server end markets,:”
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Where the price stands
SNDK trades at $1,005.
Since the note SNDK has moved +970% (from $93.97). The 12-month window closed on September 18, 2026.