Sandisk Stock Plunged Today. Analysts Say Buy the Dip.

Sandisk shares dropped 12.54% on Monday amid a broader chip stock pullback. However, major Wall Street analysts remain bullish, with Goldman Sachs raising its price target to $2,200 and Evercore lifting its target to $3,100. Both analysts cite sustained AI-driven demand for memory chips from data center operators as justification for their optimistic outlooks.