Mizuho analyst raises SanDisk price target to $2,050 on AI storage demand
Mizuho analyst Vijay Rakesh increased his price target for SanDisk to $2,050, up from $1,875, citing durable demand from agentic AI workloads. The firm reported fiscal Q4 2026 revenue of $8.97 billion, a 51% sequential rise, and full‑year revenue of $20.25 billion, up 175% year‑over‑year. Adjusted EPS was $39.25 and gross margin expanded to 84.6%. Rosenblatt analyst Kevin Cassidy also set a $2,400 target, reinforcing the bullish outlook.
Why it matters
The higher price targets signal analyst confidence that AI‑driven storage demand will sustain SanDisk’s rapid growth, potentially supporting further share price appreciation. Investors may adjust valuations based on the new targets and the strong revenue and margin trends reported.
Key facts
- 1Mizuho analyst Vijay Rakesh raised SanDisk's price target to $2,050 from $1,875 on Oct. 5. finance.yahoo.com
- 2Fiscal Q4 2026 revenue was $8.97 billion, up 51% sequentially. finance.yahoo.com
- 3Full‑year 2026 revenue was $20.25 billion, up 175% year‑over‑year. finance.yahoo.com
- 4Adjusted EPS for FY 2026 was $39.25. finance.yahoo.com
- 5Gross margin increased from 26.4% to 84.6%. finance.yahoo.com
- 6Data‑center revenue in Q4 was $2.98 billion, a 437% increase for the full fiscal year. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.