SanDisk Price Target Raised: Mizuho Names Nvidia, Lumentum, and Broadcom Top Stock Picks
SanDisk’s stock (NASDAQ:SNDK) is trading 1.9% higher this morning, following a significant price target increase from Mizuho. The firm’s bullish outlook on select semiconductor stocks, particularly those poised to benefit from artificial intelligence (AI) growth, contrasts with the current market pullback.
Mizuho’s revised price target, jumping from $250 to $410 with an maintained Outperform rating, signals confidence in the company’s long-term prospects. This adjustment stems from Mizuho’s 2026 outlook, which anticipates continued, albeit more modest than in 2025, upside in the semiconductor sector due to attractive valuations. The firm identifies AI accelerators, wafer fabrication equipment, optical components, and memory…
