Sandisk stock gets a Mizuho target boost to USD 2,050.00
Published on 10/06/2026 at 17:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Sandisk (ISIN US80004C2008) was trading at USD 1,675.01 on Nasdaq on October 6, 2026, at 11:13 a.m. ET, down 1.71 percent from the previous close. The same-day catalyst was Mizuho, which raised its price target from USD 1,875.00 to USD 2,050.00 and kept an Outperform rating, according to MarketBeat on October 6, 2026. The target revision puts the storage company back against a demanding earnings test.
Mizuho lifts the target
Mizuho's new USD 2,050.00 target is USD 175.00 above its former target. The brokerage's rating remains Outperform, while the target sits 22.4 percent above the October 6 trading price.
The broader analyst picture is also constructive but dispersed. MarketBeat lists a Moderate Buy consensus from 28 analysts, with an average target of USD 2,113.92, a high target of USD 3,100.00 and a low target of USD 450.00. The average target is 26.2 percent above the current Nasdaq price, leaving the forecast dependent on continued earnings delivery.
Latest quarter sets a high bar
Sandisk's fiscal fourth quarter 2026 revenue reached USD 8.97 billion, up 51 percent sequentially, while GAAP net income was USD 6.90 billion and GAAP diluted EPS was USD 43.97, according to Gate News in its report on September 24, 2026. Data-center revenue rose 103 percent sequentially to USD 2.977 billion, making enterprise demand a central part of the valuation debate.
The latest quarter also produced a direct earnings comparison. Sandisk's EPS of USD 39.25 exceeded the USD 33.28 consensus cited by MarketBeat by USD 5.97 for the quarter reported on August 5, 2026. That beat helps explain the bullish targets, but the stock's valuation still leaves less room for execution misses.
October results are next
Sandisk has scheduled its fiscal first-quarter 2027 results for October 29, 2026. The company announced the date and a 1:30 p.m. Pacific Time earnings call in its Sandisk release dated September 29, 2026.
Sandisk stock remains below its high
Sandisk stock was last at USD 1,675.01 on Nasdaq on October 6, 2026 at 11:13 a.m. ET, with a session range of USD 1,661.77 to USD 1,716.50 and volume of 3,074,222 shares.
Key facts on Sandisk stock
- Company: Sandisk Corporation
- ISIN: US80004C2008
- Ticker: SNDK
- Trading venue: Nasdaq
- Price (as of October 6, 2026, 11:13 a.m. ET): USD 1,675.01
- Market capitalization: USD 248.1 billion (as of October 6, 2026)
- 52-week range: USD 30.20-2,354.39 (as of October 6, 2026)
- Sector / Industry: Technology / Computer Hardware
Upcoming dates for Sandisk stock
- October 29, 2026: Fiscal first-quarter 2027 results
