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SanDisk shares soar 4,841% but analysts warn of 27% downside from current high levels

Analyst Insights
26 Jun 2026
24/7 Wall Street
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Bearish
pluang ai news

SanDisk's stock has surged 4,841.8% over the past year due to an AI-driven memory demand boom, reaching $2,335 per share. Despite strong earnings and a shift to multi-year contracts, analysts at 24/7 Wall St. recommend selling with a price target of $1,704.60, implying a 27% drop from current prices. Bulls highlight continued memory shortages and large contracted deals as growth drivers, while risks include market cyclicality and overvaluation. The stock's future depends on sustained demand and contract renewals amid potential price pressures in NAND memory markets.

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