Sandisk (SNDK) Mizuho Securities Initiates Coverage with $600 Target Forecast

Mizuho initiated coverage on Sandisk with a 12 month price target of $600.00 per share, signaling a positive long-term outlook.  The target forecast implies meaningful upside potential, reflecting confidence in Sandisk’s positioning within the data storage and memory solutions market.

The bullish view is  underpinned by expectations for sustained demand growth driven by AI workloads, cloud infrastructure expansion, and data-intensive applications, all of which support higher-capacity and higher-performance storage solutions. Mizuho may also be factoring in improving industry fundamentals, including more disciplined supply dynamics, pricing stabilization, and margin recovery across the memory cycle.

While near-term volatility remains tied to semiconductor cyclicality and macro conditions, the sizable gap between the current price and the target suggests Mizuho sees Sandisk as well positioned to outperform over the medium to long term as earnings power and cash flow generation strengthen.