SanDisk Rally Signals Risk: 27% Downside Ahead
TL;DR Summary
SanDisk has surged ~4,800% in the past year on an AI memory cycle, but 24/7 Wall St.'s price target of $1,704.60 implies ~27% downside from current levels, with a bear case near $1,204. The note cites a sky‑high RSI near 99, lofty valuation, and reliance on multi-year contracted revenue; bulls see potential upside if those contracts hold, but the risk/reward is unfavorable at current prices, leading to a SELL recommendation with 90% model confidence.
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