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. 

Why Susquehanna Trimmed Its Price Target on SNDK Stock

According to Hosseini, the reduced price objective reflects updated internal estimates following a…