SanDisk (SNDK) PT Raised to $1,825 at Mizuho
Mizuho analyst Vijay Rakesh raised the price target on SanDisk (NASDAQ: SNDK) to $1,825.00 (from $1,625.00) while maintaining a Outperform rating.
The analyst comments "SNDK - Reiterate Outperform, Raising Estimates and PT to $1,825 from $1,625 Raising F27E from $42.3B/$172.54 to $45.3B/$184.95 (ABOVE cons. $43.6B/$180.14) Raising F28E from $45.5B/$185.19 to $48.1B/$196.85 (ABOVE cons. $47.4B/$194.54) Reiterate SNDK at Outperform, raise PT to $1,825 from $1,625, 9.9x our F27E EPS (prior 9.4x), with NAND tightness expected to persist into 2027E, driving continued strength in margins as HBF and CMX racks potentially add to tightness and drive further demand."