Mizuho keeps USD 2,050 target. Sandisk stock is valued at USD 197.3 billion
Published on 10/21/2026 at 11:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and earnings date
- Mizuho reiterated an Outperform rating and a USD 2,050.00 target on October 21, 2026.
- Fiscal fourth-quarter revenue reached USD 8.97 billion, up 372.00 percent year over year.
- Sandisk stock traded at EUR 1,245.00 at 11:42 a.m. CEST at Lang & Schwarz on October 21, 2026.
- Sandisk will publish fiscal first-quarter results on October 29, 2026.
Sandisk (US80004C2008) stock was trading at EUR 1,245.00 at Lang & Schwarz on October 21, 2026, while Mizuho reiterated an Outperform rating and a USD 2,050.00 price target. Investing.com reported the analyst view on October 21, 2026, ahead of the company's scheduled results.
Mizuho keeps the AI storage case alive
The reiterated target leaves the analyst view anchored to AI-related enterprise storage demand rather than to a new financial release. Mizuho cited expected enterprise solid-state-drive growth involving Meta, Alphabet and Oracle Cloud Infrastructure, with eight data center and edge AI customers representing a USD 94.0 billion minimum revenue floor in non-binding memorandums, according to Investing.com.
What did the latest quarter deliver?
Sandisk's fiscal fourth quarter of 2026 produced USD 8.97 billion in revenue, up 372.00 percent from the year-earlier quarter. Non-GAAP gross margin reached 84.60 percent, compared with 26.40 percent a year earlier, while data center revenue reached USD 2.98 billion. These figures were reported by TheStreet on October 7, 2026.
Three dates frame the next move
On August 5, 2026, Sandisk reported fiscal fourth-quarter adjusted earnings per share of USD 39.25, above the USD 34.59 consensus cited by TheStreet. On September 29, 2026, Sandisk announced its next results date. On October 21, 2026, Mizuho reiterated its USD 2,050.00 target.
Next dates for Sandisk
Sandisk will report fiscal first-quarter 2027 results on October 29, 2026, with the earnings call scheduled for 4:30 p.m. EDT. The company also lists its annual meeting of stockholders for November 17, 2026, according to its investor-relations page and the official release from Sandisk.
Stock value and reporting risk
Sandisk had a USD 197.3 billion market capitalization and a USD 144.82 to USD 2,354.39 52-week range as of October 20, 2026. The upcoming report will test whether the USD 10.30 billion to USD 10.80 billion fiscal first-quarter revenue outlook and the 83.00 percent to 85.00 percent non-GAAP gross-margin outlook remain credible after the sharp expansion in the prior quarter.
Sandisk was trading at EUR 1,245.00 at Lang & Schwarz on October 21, 2026 at 11:42 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Sandisk stock.
Sandisk stock key facts
- Company: Sandisk Corporation
- ISIN: US80004C2008
- Ticker: SNDK
- Primary exchange: NASDAQ
- Price Lang & Schwarz (as of October 21, 2026, 11:42 a.m. CEST): EUR 1,245.00
- Market capitalization: USD 197.3 billion (as of October 20, 2026)
- 52-week range: USD 144.82-2,354.39 (as of October 20, 2026)
- Sector / Industry: Technology / Computer Hardware
- Index membership: S&P 500
Market context: Market report S&P 500.
