Mizuho Securities has revised its price target for SanDisk (SNDK, Financial), reducing it from $60 to $50. Despite this decrease, the firm continues to assign an Outperform rating to the company's shares. This adjustment comes in response to the ongoing uncertainty in the semiconductor and automobile supply chains, influenced by tariff issues that have affected these sectors.
In anticipation of upcoming earnings reports, Mizuho has also made adjustments to price targets in related markets, including hard-disk-drive and memory sectors. Nevertheless, they maintain confidence in SanDisk's potential, as evidenced by their decision to retain the Outperform rating even after the recent decline in share prices.
