SanDisk (SNDK) Stock Dips Amid Samsung’s HBM4 Production Ramp
SanDisk shares fell 2.5% in Monday trading with an additional 1% after-hours decline, despite Goldman Sachs maintaining a $700 price target. The drop followed Samsung's accelerated HBM4 memory chip production timeline, sparking supply competition concerns in the $3.025 billion memory market where SanDisk just posted 61% YoY revenue growth.
The stock remains a standout performer with 1,500% gains over twelve months, including a 145% January surge. Analyst James Schneider boosted EPS targets by 200% to $32, citing tight supply and accelerating demand. "We expect the stock to MOVE higher following a quarter and guidance that were far above the Street," Schneider noted, underscoring the disconnect between short-term volatility and structural demand drivers.
