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Analyst enthusiasm and rising price targets around an earnings event, coupled with a favorable supply/demand backdrop for NAND, can compress risk and push SNDK toward prior bull targets. Historical precedent shows earnings previews and bullish targets can catalyze short-to-medium-term upside if execution aligns with expectations.
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Mizuho reiterates an upbeat view on SanDisk (SNDK), maintaining an Outperform rating and a $2,050 target ahead of the September-quarter release on Oct 29. The thesis centers on AI workloads, KV cache, and limited NAND capacity expanding pricing power through 2027, with Meta, Alphabet, and Oracle expected to accelerate enterprise SSD orders into 2028. If the print confirms these dynamics, SNDK could re-rate toward higher bull targets in the near-term.
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