Despite SanDisk (NASDAQ: SNDK) crashing 7.12% in the first six days of October and turning 4.46% into the red on the 30-day chart, Wall Street analysts reiterated their optimism for the equity earlier this week.
To begin with, Mizuho’s Vijay Rakesh reiterated his previous ‘Buy’ rating on Monday, while raising the SNDK stock price target for the next 12 months up from the previous $1,875 to $2,050 – 23.49% above the latest close at $1,660.
According to the Wall Street expert, the upgrade is meant to reflect tailwinds from the recent artificial intelligence (AI) developments such as Meta’s (NASDAQ: META) Muse and OpenAI’s Dots.
Additionally, Rakes wrote that Agentic AI adoption was accelerating in the note.
Meanwhile, Bernstein analyst Mark Newman came out even more bullish on the same day – Monday, October 5 – as he not only reaffirmed his previous ‘Buy’ rating, but also reiterated the $3,000 SanDisk stock price target – 80.72% higher than SNDK’s latest close.
Notably, the exceptionally high forecast was first made in June and represented a massive increase from the previous $1,700. At the time, SanDisk shares were trading at $2,273.73 – just $80.66 below the 2026 and all-time high of $2,354.39 – and have collapsed almost 26% since.
Analysts predict SanDisk stock price in Q3 and early Q4 2027
Elsewhere, the two October notes came, on average, in line with the wider Wall Street’s expectations for SNDK equity.
Overall, institutional experts consider SanDisk stock a ‘Strong Buy’ with fifteen positive, two ‘Hold’ and no ‘Sell’ recommendations, per the data Finbold retrieved from TipRanks on the morning of October 7.
Additionally, SNDK equity is, on average, expected to rally 32.83% to $2,205.59 in the next 12 months.
The fact that no price target provided since September 1 anticipates SanDisk stock trading below $2,000 in the third quarter (Q3) or early fourth (Q4) 2027, reinforces the bullish tone on the Street, as does the fact that both ‘Hold’ ratings were given nearly two months ago in mid-August.
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