Sandisk Just Had Its Price Target More Than Doubled by This Analyst. Why the Stock Is Falling.

Sandisk stock has been in a bit of slump lately, but analysts are still in love with the memory storage play, perhaps even more so than ever. The shares, which have slumped 16% to $1,915 in July through Friday, got a new $3,100 price target from Evercore ISI analyst Amit Daryanani in a note Sunday, up from $1,400. Investors were still underappreciating Sandisk Monday as the stock sank 12% to $1,681.75—the second worst performer in the S&P 500 behind AppLovin It’s up more than 600% in 2026, though.