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Barchart
Wajeeh Khan

This Analyst Just Cut Its Price Target on SNDK Stock. Here's Why.

SNDK Stock SanDisk Susquehanna Mehdi Hosseini Barchart

SanDisk (SNDK) stock is in focus on July 23 after a senior Susquehanna analyst trimmed his price target on the flash memory products specialist. In a research note today, analyst Mehdi Hosseini set a downwardly revised $3,050 price target on SNDK, which nonetheless signals potential upside of an exciting 80% from current levels.

SanDisk shares have pulled back sharply in recent weeks amid a broader tech rout. At the time of writing, they’re down nearly 30% versus their June high.

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