Mizuho raises target for Sandisk stock to USD 2,050
Published on 10/12/2026 at 11:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Mizuho raised its Sandisk price target from USD 1,875 to USD 2,050 on October 5, 2026, while reiterating a Buy rating.
- Fiscal fourth-quarter revenue reached USD 8.97 billion, up 51.00 percent sequentially, according to Sandisk.
- Sandisk stock was trading at EUR 1,385.00 at Lang & Schwarz on October 12, 2026 at 11:28 a.m. CEST.
- Sandisk is scheduled to report fiscal first-quarter 2027 results on October 29, 2026.
Sandisk (ISIN US80004C2008) was trading at EUR 1,385.00 at Lang & Schwarz on October 12, 2026 at 11:28 a.m. CEST. Mizuho analyst Vijay Rakesh raised the price target to USD 2,050 from USD 1,875 on October 5, 2026, while reiterating a Buy rating, as TheStreet reported.
Three milestones shape the stock
On August 5, 2026, Sandisk reported fiscal fourth-quarter revenue of USD 8.97 billion, up 51.00 percent sequentially, with GAAP net income of USD 6.90 billion. The company also reported diluted GAAP earnings per share of USD 43.97, according to Sandisk.
On August 13, 2026, Sandisk presented a long-term financial model covering fiscal years 2028 through 2030 and said it expects to return 100.00 percent of excess cash to shareholders after investment needs. On September 29, 2026, the company scheduled its fiscal first-quarter 2027 results for October 29, 2026.
On October 5, 2026, Mizuho's target move from USD 1,875 to USD 2,050 added a fresh analyst reference to the stock. The target is stated in US dollars and therefore is separate from the EUR quote used for German investors.
What supports the higher target?
Rakesh cited demand from agentic artificial intelligence applications and expects AI workloads to support storage demand, according to TheStreet. Sandisk's fiscal fourth-quarter data-center revenue reached USD 2.98 billion, while the company guided fiscal first-quarter 2027 revenue to USD 10.30 billion-USD 10.80 billion.
The earnings profile is changing quickly. Fiscal 2026 revenue reached USD 20.25 billion, up 175.00 percent year over year, while data-center revenue rose 437.00 percent year over year, according to Sandisk. That mix gives the analyst case a measurable operating base, but the stock remains exposed to memory pricing and the pace of AI infrastructure spending.
Results date sets the next checkpoint
Sandisk's next scheduled reporting event is the fiscal first-quarter 2027 earnings call on October 29, 2026, according to Sandisk. The annual meeting of stockholders is scheduled for November 17, 2026, giving investors two dated corporate milestones after the target revision.
EUR quote remains below the analyst target
At Lang & Schwarz, Sandisk was trading at EUR 1,385.00 on October 12, 2026 at 11:28 a.m. CEST. The current euro quote and the USD 2,050 analyst target use different currencies and are not combined into a percentage comparison. The further course of trading is shown by the continuously updated real-time quote of Sandisk stock.
Sandisk stock at a glance
- Company: Sandisk Corporation
- ISIN: US80004C2008
- Ticker: SNDK
- Primary exchange: NASDAQ
- Price Lang & Schwarz (as of October 12, 2026, 11:28 a.m. CEST): EUR 1,385.00
- Market capitalization: USD 234.3 billion (as of October 9, 2026)
- Sector / Industry: Technology / Computer Hardware
- Next earnings date: October 29, 2026
Market context: Market report Nasdaq Composite.
