Mizuho Lifts SanDisk Target to $1,000, Shares Hit Record High
SanDisk shares climbed 0.8% after Mizuho raised its price target by 41% to $1,000, driving a fresh record high and a third straight gain. The stock has surged 2,227% year-over-year, yet traders’ put/call ratio sits in the top 12% and its SVS volatility score is 89.
1. Analyst Rating and Price Target Increase
Mizuho reiterated its outperform rating on SanDisk and raised the price target from $710 to $1,000, reflecting a 41% increase and bullish outlook on memory demand.
2. Record High and Year-Over-Year Gains
Shares reached a fresh peak of $873.95, marking a third consecutive daily gain and extending a 2,227% year-over-year advance. The ascending 50-day moving average has provided consistent support, capturing two pullbacks in March.
3. Options Market Sentiment and Volatility
Despite the rally, the 10-day put/call volume ratio ranks above 88% of annual readings and the Schaeffer’s open interest ratio of 1.09 sits in the 95th percentile. SanDisk’s SVS of 89 indicates realized volatility has repeatedly exceeded implied levels over the past year.