{"id":5451,"date":"2026-07-16T15:16:48","date_gmt":"2026-07-16T15:16:48","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=5451"},"modified":"2026-07-16T15:16:48","modified_gmt":"2026-07-16T15:16:48","slug":"sandisk-stock-is-stuck-in-a-bear-market-buy-the-dip-or-sell-the-rip","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=5451","title":{"rendered":"SanDisk stock is stuck in a bear market: buy the dip or sell the rip?"},"content":{"rendered":"
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SanDisk stock has continued its weakness this week, falling to its lowest level since May 22. It has dropped by 35% from its highest level this year. Still, top analysts tracking the company have maintained a bullish outlook, pointing to its strong growth.<\/p>\n

Many analysts are bullish on the SanDisk stock<\/h2>\n

Top analysts covering SanDisk believe the stock has significant upside potential<\/a>. The most bullish among them is Susquehanna’s Mehdi Hosseini, who has a price target of $3,250\u2014implying a 115% upside from the current level.<\/p>\n

Bernstein has a target of $3,000, while Bank of America expects the shares to jump to $2,500. Other bullish analysts on the stock are from companies like Evercore ISI, Citigroup, and Cantor Fitzgerald. <\/p>\n

According to MarketBeat, 19 analysts rate SanDisk as a buy, while five recommend holding the stock. The average price target is $1,803, up sharply from $692 just three months ago.<\/p>\n

Reading through analyst reports, most cite the company’s strong revenue and profit growth, as well as its growing portfolio of multi-year contracts. These long-term agreements provide greater revenue visibility and help reduce the industry’s traditional boom-and-bust cycles.<\/p>\n

SanDisk\u2019s revenue is soaring<\/h2>\n

SanDisk\u2019s quarterly revenue jumped to $5.95 billion in the previous quarter, up sharply from $1.69 billion in the same period last year. Its nine-month revenue soared to $11.28 billion from $5.4 billion.<\/p>\n

This surge happened as the volume and memory prices soared. Demand has remained at an elevated level from its top customers like Apple, Microsoft, Amazon, and Google.<\/p>\n

Judging by the recent Micron and Samsung earnings, <\/strong>chances are that its earnings will continue soaring. The average estimate among analysts is that its quarterly revenue jumped by 339% in the last quarter to $8.35 billion. <\/p>\n

Its revenue in the current quarter is expected to grow by 360% to $10.6 billion. These numbers are substantially strong considering that SanDisk made $7.2 billion in the last financial year. <\/p>\n

Most importantly, SanDisk is not all that expensive, considering its revenue growth. While its trailing twelve months (TTM) price-to-earnings ratio is high at 51, its forward price-to-earnings ratio of 24 is quite modest. It also has a small forward PEG ratio of 0.13.<\/p>\n

The risk, however, is that the company is in an industry that regularly experiences boom and bust cycles. In 2022, its revenue jumped to $9.7 billion from $5.5 billion a year earlier. The situation changed in 2023 when its revenue tumbled to $6 billion as its inventories soared.<\/p>\n

What next for the SNDK stock price?<\/h2>\n
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SanDisk stock chart | Source: TradingView<\/em><\/p>\n

The daily chart shows that SanDisk stock has plunged from $2,355 in June to $1,510 in the pre-market session. This retreat coincided with the drop in other memory companies like Micron and Western Digital.<\/p>\n

It has retested the 38.2% Fibonacci Retracement level. It has also plunged below the 50-day moving average and is hovering at the strong, pivot reverse level of the Murrey Math Lines tool. <\/p>\n

Therefore, the most likely SNDK stock forecast is bearish, with the next target being the 50% retracement level of $1,200. It may then bounce back if top hyperscalers reaffirm their capital spending plans.<\/p>\n

READ MORE: <\/strong>Sandisk stock forms a bearish divergence, enters a risky Wyckoff phase<\/a><\/p>\n

The post SanDisk stock is stuck in a bear market: buy the dip or sell the rip?<\/a> appeared first on Invezz<\/a><\/p>\n

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SanDisk stock has continued its weakness this week, falling to its lowest level since May 22. It has dropped by 35% from its highest level this year. Still, top analysts tracking the company have maintained a bullish outlook, pointing to its strong growth.Many analysts are bullish on the SanDisk stockTop analysts covering SanDisk believe the…<\/p>\n","protected":false},"author":1,"featured_media":5452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5451"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/5452"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}