<div id="readability-page-1">Memory stocks' brief slump appears to be over for now, with leading sector names pushing higher in Monday's trading.<h3>Introducing TipRanks MCP for Agents</h3>STXX: an alternative to margin or options on STX The uptick comes against a backdrop of bullish AI-driven sentiment on Wall Street. One analyst showing confidence in the memory segment's ongoing strength is Mizuho's Vijay Rakesh, who ranks in 4th spot among the thousands of Wall Street stock experts. &#34;We continue to see AI as the driving force behind the supply-demand imbalance in the memory market, as we note increasing demand in 2027/28E could add further pressure to the market,&#34; the 5-star analyst said. Rakesh remains constructive on both the DRAM and NAND markets. For DRAM, he forecasts wafer starts to increase 10% year-over-year in 2026 and 6% in 2027, mostly driven by rising HBM demand. However, he notes that the growing share of HBM production is likely to moderate overall supply growth. Demand is projected to expand by 27% in 2026 and 24% in 2027. Within NAND, the analyst identifies enterprise SSDs (eSSD) as the &#34;key driver of demand.&#34; He estimates total NAND demand will grow 18% YoY in both 2026 and 2027, while wafer starts are expected to decline 5% in 2026 before rising 3% in 2027. Supply should remain constrained, with no meaningful new capacity expected to come online until 2028. At the same time, Rakesh has bumped his price targets higher for several names in the space. For Sandisk (NASDAQ:SNDK), the analyst reiterated an Outperform rating and raised his price target from $1,825 to $2,220, based on ~11x his fiscal 2027 EPS estimate vs. roughly 10x previously. The new figure suggests 12-month share appreciation of 30%. (To watch Rakesh's track record, click here) Rakesh believes the stock remains attractively valued relative to the 2027 SOX multiple of about 23x earnings, supported by &#34;pricing tailwinds&#34; that could extend through 2027, helping sustain gross margins above 80% and driving EPS growth of roughly 3x year-over-year. &#34;SNDK and other players are benefiting from demand outpacing supply in the NAND market, driving higher pricing, as AI continues to drive tailwinds across handset, PC and server (eSSD) end markets with Reasoning/Answer Tokens driving 2M+ Context windows and LLM/MMM data generation, while Agentic AI continues to ramp,&#34; the 5-star analyst explained. Sandisk gets a Strong Buy consensus rating on the Street, based on 14 Buys vs. 2 Holds. At $1,843.44, the average target points toward 12-month returns of 9.5%. (See SNDK stock forecast)</div>

The memory supercycle is on: Micron (MU) and SK Hynix have both crossed USD 1T in market cap. SK Hynix leads the rally at +248% YTD with a commanding 62% HBM market share, while MU is +210% YTD. UBS raised its Micron price target from $535 to $1,625, a 3x bump. But some funds warn memory remains the most cyclical industry. How far can this supercycle run?

The memory supercycle is on: Micron (MU) and SK Hynix have both crossed USD 1T in market cap. SK Hynix leads the rally at +248% YTD with a commanding 62% HBM market share, while MU is +210% YTD. UBS raised its Micron price target from $535 to $1,625, a 3x bump. But some funds warn memory remains the most cyclical industry. How far can this supercycle run?

Memory Supercycle: MU And SK Hynix Hit USD 1T

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Mizuho analyst Vijay Rakesh raised price targets for AI memory stocks, citing sustained supply-demand imbalances driven by AI. He upgraded SanDisk (SNDK) to a $2,220 target from $1,825, maintaining an Outperform rating. The firm forecasts strong DRAM and NAND demand growth through 2027/28, with HBM and enterprise SSDs key drivers. Supply constraints are expected to persist until 2028, supporting pricing power and margin expansion for sector leaders.

- The brief decline in memory stocks seems to have ended, with leading industry stocks rising amid Wall Street's optimism about artificial intelligence.  
- Analyst Vijay Rakesh from Mizuho Securities maintains a positive outlook on the DRAM and NAND markets, projecting significant demand growth through 2027, despite potential supply constraints.  
- He has raised target prices for several companies, including Sandisk, which is expected to see a 30% price increase within 12 months based on strong NAND market demand and AI-driven growth.

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SNDK, STX and WDC: Mizuho Raises Price Targets for AI Memory Stocks – Here's Why