SanDisk shares fell 33% in October, trading nearly 50% below their 52-week high despite posting a record fiscal year with revenue up 371.6% year-over-year and strong earnings beats. The company secured $93.9 billion in new business agreements, providing revenue visibility through the decade and prompting a strong buy rating with a 12-month price target of $1,407, implying 11.6% upside. Risks include the cyclical nature of NAND memory pricing and reliance on key partners, but the stock's recent selloff is seen as an overreaction to fundamentals. Continued execution on contracts and technology advancements could push the stock toward a bullish target near $2,400.
As of Oct 27, 2026 00:11 WIB, SanDisk shares trade at USD 1,267.00 on Pluang, up 2.34% for the day, reflecting steady investor interest despite recent volatility. The stock's market cap stands at $178.93 billion, indicating its significant presence in the technology sector. This contrasts with Micron Technology, which trades at USD 910.24 with a 3.73% gain, showing broader strength in semiconductor stocks on the platform.
Sandisk Corporation's stock has dropped nearly 47% from its highs, yet analyst Danil Sereda remains optimistic ahead of the Q1 2027 earnings report. The recent decline is attributed to market sentiment rather than any fundamental business issues. Lon...
SanDisk reports fiscal Q1 2027 earnings on October 29 after a 31.85% share price drop amid doubts about AI storage demand peaking. Last quarter, SanDisk beat expectations with a 372% revenue increase and strong gross margins driven by datacenter sale...
SanDisk's stock has fallen 33% in the past month amid concerns over competition and profit-taking, even as the company reports record revenues and nearly $94 billion in signed customer contracts. Despite the selloff, 21 of 25 analysts rate it as a bu...
SK Hynix halted plans for a U.S. IPO of its Solidigm flash-memory unit, citing market volatility and regulatory concerns in South Korea. Despite scrapping the IPO, SK Hynix shares rose about 4%, outperforming peers like Micron and SanDisk. The compan...
Sandisk's stock dropped 18% following negative news about China's DRAM market, but the company remains a Buy with a 12-month price target of $1,830, implying 32% upside. Sandisk's focus on flash storage and its Japanese supply chain insulate it from ...
