Sandisk Stock Has Lost About 64% Since June. Here's the Price at Which I'd Buy It.

Sandisk stock has plummeted 64% from its June peak of $2,335 to around $806, driven by AI data center stock sell-offs following the November 3 midterm elections. Despite the sharp decline, the company's earnings continue to grow—adjusted EPS reached $49.51 in fiscal Q1 2027 with guidance for $55-$57 in Q2, though growth rates are slowing. The analyst suggests the stock is now fairly valued at current levels, trading at less than 4 times annualized earnings, and would consider buying at around $900 per share (or $112 post-split), viewing the current price as reasonable for a cyclical memory company.