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Mizuho and Jefferies Raise Price Targets on Sandisk (SNDK)
Yahoo Financeยท 2025-11-03 16:15
Core Viewpoint - Sandisk Corporation (NASDAQ:SNDK) is experiencing positive momentum in the stock market, with analysts raising price targets due to favorable market conditions in the DRAM and NAND sectors [1][2]. Group 1: Analyst Ratings and Price Targets - Mizuho increased its price target on Sandisk from $180 to $215 while maintaining an Outperform rating, citing limited supply in the DRAM and NAND markets as a key driver for price increases [1]. - Jefferies also raised its price target on Sandisk from $60 to $180, maintaining a Buy rating, and expressed confidence in the company's future based on resilient NAND pricing trends [2]. Group 2: Market Trends and Demand Drivers - The memory sector, including Sandisk, is benefiting from growth in artificial intelligence (AI), which is driving demand for high-capacity storage solutions [3]. - Sandisk specializes in designing and manufacturing flash memory storage solutions, including SSDs, memory cards, and USB flash drives [3].