SanDisk Shares Swing with 20% Lows, 24% Rebounds; Bank of America Targets $2,500
SNDK•SNDK•SNDK•SNDK•SanDisk stock swung sharply in late June with declines of 20%, 18% and 10% followed by rebounds of 24% and 19% over a ten-day span. Bank of America raised its price target to $2,500, citing persistent NAND supply-demand imbalances through 2027.
Over a ten-day period ending June 30, SanDisk shares plunged by as much as 20%, then 18% and 10%, before rallying 24% and 19%. This volatility reflects rapid shifts in investor sentiment amid broader tech market fluctuations.
Bank of America raised its SanDisk price target to $2,500, basing its outlook on forecasts that NAND memory supply will remain tight relative to demand through 2027. The firm sees ongoing capacity constraints supporting pricing power.
The sharp rebounds underscore strong buyer interest and suggest bullish momentum persists despite sector headwinds. Investors should weigh potential upside from supply-driven price support against the risk of renewed sell-offs.
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