Susquehanna Analyst Lowers Price Target on SanDisk (SNDK) Amid Uncertainty Over AI Memory Demand
On July 23, Susquehanna analyst Mehdi Hosseini lowered his price target for SanDisk Corporation (NASDAQ: SNDK), a flash memory products company. The revised $3,050 per share still implies an 80% upside from current levels but reflects updated internal estimates and uncertainty in AI inferencing memory architecture. Recent weeks have seen sharp declines in SanDisk shares amid broader tech market weakness. Hosseini cited unclear demand dynamics between DRAM and SSDs for AI workloads as a key concern, noting that aggressive adoption of KV cache offloading could boost enterprise SSD demand while continued reliance on DRAM/HBM might limit it. Despite the lower price target, Susquehanna remains bullish in the long term due to expected earnings growth, NAND technology advancements (BiCS8 and BiCS10), and strong hyperscaler contracts. The broader market consensus for SanDisk is still a
Tickers: $SNDK
Topics: AI memory architecture price target cut SanDisk (SNDK) stock analysis