# Sandisk Shares Drop 5.8% Despite Analyst Upgrade

> Sandisk shares fell 5.8% Thursday as Mizuho raised price target but investors ignored bullish call.
- Title: Sandisk Shares Drop 5.8% Despite Analyst Upgrade | Shortify
- Summary: Sandisk shares fell 5.8% Thursday as Mizuho raised price target but investors ignored bullish call. Sandisk stock dropped 5.8% after Mizuho increased its…
- Keywords: sandisk corporation, sndk, mizuho, price target, outperform, stock drop, Sandisk, Shares, Drop, Despite, Analyst, Upgrade
- Source: Alphastreet - Earnings Decoded. Market Intelligence Delivered — https://news.alphastreet.com/why-sandisk-is-dropping-5-8-mizuho-maintains-outperform
- Author: AlphaStreet Newsdesk
- Published: 2026-10-08T19:33:32+00:00
- Read time: 1 min
- Topics: sandisk corporation, sndk, mizuho, price target, outperform, stock drop
## Sandisk Shares Plunge
Sandisk Corporation plunged 5.8% Thursday despite an analyst upgrade from Mizuho that lifted the price target 9.3%.
## Mizuho Raises Target to $2050
The selloff came as Mizuho maintained an Outperform rating and raised its price target to $2050 from $1875.
## Investors Ignore Bullish Call
The decline adds to pressure on a stock with a $230.5B market capitalization as investors weighed competing signals.
## Key takeaway

Sandisk stock dropped 5.8% after Mizuho increased its price target by 9.3% to $2050, yet investors drove shares lower.