What the analyst said
Mizuho analyst Vijay Rakesh raised the price target on SanDisk (NASDAQ: SNDK) to $1,825 (from $1,625) while maintaining an Outperform rating.
“SNDK – Reiterate Outperform, Raising Estimates and PT to $1,825 from $1,625 Raising F27E from $42.3B/$172.54 to $45.3B/$184.95 (ABOVE cons. $43.6B/$180.14) Raising F28E from $45.5B/$185.19 to $48.1B/$196.85 (ABOVE cons. $47.4B/$194.54) Reiterate SNDK at Outperform, raise PT to $1,825 from $1,625, 9.9x our F27E EPS (prior 9.4x), with NAND tightness expected to persist into 2027E, driving continued strength in margins as HBF and CMX racks potentially add to tightness and drive further demand.”
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Where the price stands
SNDK trades at $1,002.
Since the note SNDK has moved −37% (from $1,590). 12-month window: day 168 of 365, closes on May 27, 2027.