Sandisk is trading 4.2% down at $1683.71 as investors continue to lock in profits following a massive AI-memory driven rally and recent analyst target hikes.
- Evercore, Goldman Sachs, Bernstein, and Bank of America maintain bullish outlooks, citing strong NAND demand through 2027.
- The recent decline is attributed to valuation concerns and broader weakness across the AI and memory-chip sectors rather than any negative company-specific developments.