Mizuho Lowers Sandisk (NASDAQ:SNDK) Price Target to $1,875.00

Posted by Brian Himes on Aug 25th, 2026

Sandisk (NASDAQ:SNDK – Get Free Report) had its target price decreased by investment analysts at Mizuho from $1,900.00 to $1,875.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the data storage provider’s stock. Mizuho’s price target indicates a potential upside of 25.58% from the stock’s current price.

SNDK has been the topic of a number of other reports. Argus upgraded Sandisk from a “hold” rating to a “buy” rating in a report on Monday, August 10th. Wedbush reaffirmed an “outperform” rating and set a $2,000.00 price objective on shares of Sandisk in a research report on Friday, August 14th. Raymond James Financial reiterated an “outperform” rating and issued a $1,470.00 target price on shares of Sandisk in a research note on Friday, May 1st. UBS Group reiterated an “overweight” rating and issued a $1,750.00 target price on shares of Sandisk in a report on Friday, August 14th. Finally, Morgan Stanley increased their price target on shares of Sandisk from $1,100.00 to $1,750.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $1,998.14.

Check Out Our Latest Analysis on SNDK

Sandisk Stock Performance

Shares of SNDK opened at $1,493.12 on Tuesday. The company has a 50 day moving average price of $1,643.27 and a 200-day moving average price of $1,229.65. Sandisk has a fifty-two week low of $46.01 and a fifty-two week high of $2,354.39. The stock has a market capitalization of $218.62 billion, a PE ratio of 20.48, a PEG ratio of 0.16 and a beta of 5.21.

Sandisk (NASDAQ:SNDK – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $33.28 by $5.97. The company had revenue of $8.96 billion for the quarter. Sandisk had a net margin of 56.47% and a return on equity of 87.84%. The business’s quarterly revenue was up 371.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 earnings per share. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Equities research analysts forecast that Sandisk will post 208.92 EPS for the current year.

Sandisk announced that its Board of Directors has approved a stock repurchase plan on Wednesday, August 5th that allows the company to buyback $14.00 billion in shares. This buyback authorization allows the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In related news, EVP Alper Ilkbahar sold 2,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the transaction, the executive vice president directly owned 52,677 shares in the company, valued at $92,531,364.66. The trade was a 3.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bernard Shek sold 600 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,162.16, for a total value of $697,296.00. Following the transaction, the insider owned 30,915 shares in the company, valued at approximately $35,928,176.40. This trade represents a 1.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,800 shares of company stock valued at $6,504,856 in the last three months. Insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Sandisk

Large investors have recently modified their holdings of the business. Valley Wealth Managers Inc. acquired a new stake in Sandisk in the 1st quarter worth approximately $25,000. Greenline Wealth Management LLC acquired a new position in Sandisk during the 4th quarter valued at approximately $26,000. Chung Wu Investment Group LLC purchased a new position in shares of Sandisk in the fourth quarter worth $27,000. IMG Wealth Management Inc. purchased a new position in shares of Sandisk in the first quarter worth $29,000. Finally, Dunhill Financial LLC acquired a new stake in shares of Sandisk during the second quarter worth $30,000.

Key Headlines Impacting Sandisk

Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Sandisk’s data-center revenue, AI-driven demand and multi-year contracts are improving revenue visibility. The stock had risen about 25% over the prior month before the latest pullback. SNDK Jumps 25% in a Month: Is there More Room for the Stock to Rise?
Positive Sentiment: Higher NAND pricing continues to support results. TrendForce expects NAND contract prices to increase another 10% to 15% this quarter after a much larger prior-quarter jump; Sandisk said higher pricing drove roughly two-thirds of its sequential fiscal fourth-quarter revenue growth. Sandisk Rode an Estimated 70% Jump in NAND Prices
Positive Sentiment: A recently announced $14 billion share-buyback authorization could support earnings per share and signal management confidence following the stock’s substantial run-up. $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over
Positive Sentiment: Analyst commentary remains constructive, citing strong profitability, earnings growth and the possibility that AI-related memory demand will extend the current cycle. Sandisk and 2 Profitable Stocks to Buy Now

Sandisk Company Profile

(Get Free Report)

SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.