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Sandisk Stock Fell 8% in a Memory Selloff. The Street’s Target Went Up to $2,144 Anyway.

Sandisk Stock Fell 8% in a Memory Selloff. The Street’s Target Went Up to $2,144 Anyway.

Key Stats for Sandisk Stock

  • Current Price: $1,615.00
  • Target Price (Mid): ~$3,180
  • Street Target: ~$2,140
  • Potential Total Return: ~97% over 4.0 years
  • Annualized IRR: ~19% / year
  • Max Drawdown: 30.84%

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What Happened?

Sandisk Corporation (SNDK) closed Wednesday at $1,615.00, down $142.82 on the session, and it had plenty of company. Dell fell as much as 14% intraday. Micron, Western Digital, and SK Hynix all sold off. One rating note landed on Sandisk specifically that morning, but it arrived inside a tape that was already repricing every memory name at once.

Over the same stretch that took…

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