Mizuho raises Sandisk price target to $2,200, citing AI-driven memory demand surge.

Mizuho Securities raised its price target for Sandisk to $2,200 from $1,825, driven by strong artificial intelligence demand boosting memory needs. Similar upgrades were made for Seagate and Western Digital, reflecting expected growth in DRAM and NAND flash demand through 2027. Google’s Tensor Processing Unit shipments are projected to soar by 2028, further increasing memory requirements. Broadcom’s AI revenue forecasts also rose, highlighting robust sector growth and positive outlook for memory and storage companies.