Sandisk, US80004C2008

Mizuho raises target to USD 2,050.00 for Sandisk stock

Published on 10/09/2026 at 15:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal Q4 revenue hit USD 8.97 billion, up 372.00 percent year over year. Sandisk stock costs EUR 1,455.00 versus EUR 1,435.00.

Key points in brief

Mizuho raised its Sandisk price target from USD 1,875.00 to USD 2,050.00 on October 5, 2026.
Fiscal fourth-quarter revenue reached USD 8.97 billion, up 372.00 percent year over year.
Sandisk stock was EUR 1,455.00 at Lang & Schwarz on October 9, 2026, plus 1.39 percent versus the prior close.
The company is scheduled to report fiscal first-quarter 2027 results on October 29, 2026.

Sandisk, US80004C2008, Illustration mit AI erstellt.

Mizuho analyst Vijay Rakesh raised his Sandisk price target to USD 2,050.00 from USD 1,875.00 and reiterated a Buy rating in a note dated October 5, 2026, as TheStreet reported. The target revision puts the analyst view against Sandisk's latest operating surge and the risks of a cyclical NAND market.

Three milestones shape the story

On July 2, 2026, Sandisk announced BiCS10 1Tb TLC 3D NAND sampling with an interface speed of up to 4.80 Gb per second, according to its investor-relations release page. On August 5, 2026, the company reported fiscal fourth-quarter revenue of USD 8.97 billion, up 372.00 percent year over year, in the same release archive.

The October 5, 2026 Mizuho target is the latest of the three milestones. Rakesh connected the bullish view to solid inference and key-value-cache demand, while TheStreet reported that he expects AI workloads to represent 22.00 percent of NAND demand by 2030.

What does the target raise mean?

The operating figures explain why the target changed. Sandisk reported fiscal fourth-quarter GAAP gross margin of 84.60 percent and GAAP diluted earnings per share of USD 43.97, while fiscal 2026 revenue reached USD 20.25 billion, up 175.00 percent from fiscal 2025, according to TheStreet.

The counterweight is cyclicality. The same report notes that NAND shortages can invite new capacity, while Sandisk's own long-term model assumes mid-to-high-teens revenue growth from fiscal 2028 through fiscal 2030, making pricing durability more important than one quarter's margin.

Results date sets the next marker

Sandisk's next scheduled reporting event is its fiscal first-quarter 2027 earnings call on October 29, 2026, at 4:30 p.m. EDT, according to the company's investor-relations calendar. The call will test whether the fiscal fourth-quarter revenue base of USD 8.97 billion can support the next phase of the memory upcycle.

Sandisk stock gains 1.39 percent

Sandisk stock was trading at EUR 1,455.00 at Lang & Schwarz on October 9, 2026 at 3:19 p.m. CEST, up 1.39 percent versus the EUR 1,435.00 prior close on October 8, 2026. On Nasdaq, the stock was last at USD 1,609.46 on October 8, 2026 at 4:00 p.m. ET, while its 52-week range was USD 116.17 to USD 2,354.39 and its market capitalization was USD 238.3 billion.

The further course of trading is shown by the continuously updated real-time quote of Sandisk stock.