$SNDK stock staged a strong comeback after three consecutive losing sessions, surging 26% on Thursday. Earlier, the stock had fallen below the $1,000 support level to a low of $985, reflecting weakness across the broader semiconductor sector.
Investment firm Susquehanna maintained its Buy rating on SanDisk but revised its price target from $3,250 to $3,050 to reflect current market risks. Despite the adjustment, senior analyst Mehdi Hosseini remains optimistic about the company's long-term outlook.
On Friday, SNDK opened at $1,279. If the stock reaches the new target price, investors could see an upside of approximately 138%, making it an attractive long-term opportunity.
#SanDisk #Stocks #Investing
Investment firm Susquehanna maintained its Buy rating on SanDisk but revised its price target from $3,250 to $3,050 to reflect current market risks. Despite the adjustment, senior analyst Mehdi Hosseini remains optimistic about the company's long-term outlook.
On Friday, SNDK opened at $1,279. If the stock reaches the new target price, investors could see an upside of approximately 138%, making it an attractive long-term opportunity.
#SanDisk #Stocks #Investing