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

Sandisk experienced a sharp 24.5% decline from July 13-17 due to geopolitical uncertainty and a new Chinese AI model announcement. However, the article argues this pullback shouldn't trigger panic, citing the company's strong fundamentals: 251% revenue growth to $5.9 billion in Q3 2026, improved gross margins to 78.4%, and $42 billion in signed long-term contracts. Analysts project a median price target of $2,500 per share within 12 months, suggesting 84.5% upside potential from the July 17 closing price of $1,354.82.