Mizuho Raises SanDisk (SNDK) PT, Cites Massive NAND Pricing Tailwinds, AI Demand

Sandisk Corporation (NASDAQ:SNDK) is one of the best performing new tech stocks to buy now. On January 26, Mizuho raised its price target on SanDisk to $600 from $410 with an Outperform rating, citing a belief that pricing tailwinds in legacy DRAM and NAND markets will improve 2026 sales and margins for the memory group. The firm expects no new NAND wafer capacity in 2026 or 2027 while demand expands over 20% in 2026, leading to estimated annualized NAND pricing increases of 330% year-over-year in 2026 and ...