Sandisk Stock Fell Back Under $900 on Friday. I'd Start With a Small Position.
Sandisk stock dropped about 8% on Friday to roughly $860, falling back below the analyst's $900 buy price target. Despite the price decline, the company's guidance remains unchanged from its October 29 earnings report, with strong fiscal Q2 2027 projections showing revenue of $12.2-$12.6 billion and adjusted earnings of $55-$57 per share. The analyst recommends starting with a small position, cautioning that the stock's valuation depends heavily on sustained flash memory pricing driven by AI demand, which could be at risk if supply catches up.


