Mizuho Securities analyst Vijay Rakesh lowered the SanDisk (SNDK) price target to $1,875. The firm previously set a price target of $1,900 for the company. SanDisk shares climbed 450% during 2026.
Strong demand in the AI sector drove this growth. The semiconductor market now shows signs of entering a cyclical phase after recent volatility and a price dip. Shares currently trade at approximately $1,500.
The revised target represents a potential 25% upside from current levels. Mizuho cited fluctuating NAND memory prices as the reason for the adjustment. This recalibration responds to short-term market dynamics rather than fundamental changes in the company's positive outlook.