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Sneha Nahata

Sandisk Sinks 37%, but Wall Street Still Backs SNDK Stock

Sandisk’s (SNDK) strong rally has lost some steam, with SNDK stock falling more than 37% from its peak. While the sharp pullback reflects profit-taking after the stock’s substantial run-up, it has not weakened Wall Street’s view of the company.

Analysts have maintained a bullish outlook on SNDK. Analysts’ positive outlook indicates that the expansion of artificial intelligence (AI) infrastructure continues to increase demand for high-performance memory solutions, supporting Sandisk’s growth.

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One subscription that gives you access to news from hundreds of sites

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