Sandisk's shares have dropped about 9% recently due to worries over AI infrastructure demand and competition from China. However, supply shortages in NAND memory are expected through 2028, supporting growth. Enterprise customers and regulatory factors may help Sandisk maintain its global market share and pricing power. The analyst raises the price target to $2,280, forecasting growth driven mainly by volume increases rather than price hikes.
As of Oct 22, 2026 08:41 WIB, Sandisk (SNDK) trades at USD 1,347.21 on Pluang, down 1.33% for the day but still well below its 52-week high of $2.34K. The stock's market cap stands at $197.34B, reflecting significant scale despite recent price weakness. Pluang users show strong buying interest with 80% of order activity favoring buys, indicating confidence amid the recent 9% drop noted in the news.
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