SanDisk drops 20% in two weeks amid chip selloff, analysts divided on outlook

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โดย Seeking Alpha·Read original
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SanDisk shares plunged nearly 13% on Monday amid a broader chip selloff, bringing the two-week decline to 20%, though the stock rebounded nearly 5% in premarket trading on Tuesday. Analysts are divided on the outlook, with Seeking Alpha analyst Hunting Alphas highlighting the potential of SanDisk's high-bandwidth flash memory, with first samples expected later this year and a full launch in 2027, which could drive massive revenue growth. In contrast, analyst David Desjardins warned that the cyclical NAND market could face oversupply starting early next year, noting that the company has signed only five supply agreements covering roughly one-third of expected fiscal 2027 bit production. Wall Street analysts on average rate the stock a Buy, with Citi reiterating a $2,500 price target and Evercore ISI raising its target to $3,100 from $1,400. SanDisk is up 605% year-to-date and has gained 3,840.6% over the past year.

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