Sandisk Sinks 24% in 5 Days -- This $2,500 Projection Suggests It's Not Time to Panic

SanDisk (SNDK) dropped 24.5% between July 13 and July 17, closing at $1,354.82 on July 17, amid geopolitical uncertainty and a new Chinese AI model announcement. Despite the sharp pullback, analysts maintain a median price target of $2,500 per share over the next 12 months, implying 84.5% upside from the July 17 close.

The company reported 251% revenue growth to $5.9 billion in Q3 2026, with gross margins expanding to 78.4%. SanDisk has locked in $42 billion in signed long-term contracts, providing visibility into future revenue streams. The Motley Fool argues the selloff presents an opportunity rather than a warning sign, pointing to these fundamentals as cushion against the recent decline.

The five-day drop appears driven by macro headwinds rather than company-specific deterioration. The Chinese AI model announcement likely raised competitive concerns, while broader geopolitical risk weighed on sentiment across tech names with international exposure.