SanDisk Shares Slide 12.63% as Analysts Reaffirm or Raise Targets

SanDisk (SNDK) fell 12.63% Monday, July 13, and slid further after hours as a broad selloff hit memory and chip stocks. Several Wall Street analysts still raised or reaffirmed their price targets on the company despite the drop, according to BeInCrypto. Citigroup reiterated a $2,500 target and a buy rating, while Evercore ISI raised its target to $3,100 from $1,400 and kept an Outperform rating. Bernstein lifted its target to $3,000 from $1,700. Stocktwits showed “extremely bullish” retail sentiment on SNDK.