SanDisk initiated with an Outperform at Mizuho

Mizuho analyst Vijay Rakesh initiated coverage of SanDisk (SNDK) with an Outperform rating and $60 price target SanDisk is a leader in the client and consumer market with a “dominating” global 45% share, positioning it well for edge artificial intelligence ramps, the analyst tells investors in a research note. The firm sees improving industry fundamentals with NAND pricing to inflect higher in the second half of 2025 as wafer capacity is expected to decline 13% year-over-year, improving supply/demand balance.