SanDisk stock keeps plunging, so why are analysts raising price targets?

SanDisk (SNDK) fell 12.6% to $1,673.97 on Monday as investors rotated out of memory and broader semiconductor exposure. The selloff extended after the close, with the stock down another 2.4% in late trading. The move signals a sharp negative shift in sentiment toward memory/semiconductors rather than company-specific fundamentals in the excerpt.

Analysis

SanDisk (SNDK) fell 12.6% to $1,673.97 on Monday as investors rotated out of memory and broader semiconductor exposure. The selloff extended after the close, with the stock down another 2.4% in late trading. The move signals a sharp negative shift in sentiment toward memory/semiconductors rather than company-specific fundamentals in the excerpt.