---
title: "SanDisk Stock Cools Off After Historic Rally"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286936940.md"
description: "SanDisk (NASDAQ:SNDK) stock fell 3.6% to $1,284.62, despite a 3,320% increase over the past year. Citi Research maintained a 'buy' rating and raised the price target to $2,025, citing memory shortages and share buybacks. Wall Street remains bullish, with 18 of 22 analysts recommending 'buy' or better. Short interest has decreased by 11% recently, while the stock's volatility score suggests lower volatility than expected."
datetime: "2026-05-19T15:07:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286936940.md)
  - [en](https://longbridge.com/en/news/286936940.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286936940.md)
---

# SanDisk Stock Cools Off After Historic Rally

**SanDisk (NASDAQ:SNDK)** stock is down 3.6% today at $1,284.62, pulling back alongside the **broader chip sector**. Citi Research is helping cushion the rotation, however, after reiterating its “buy” rating and raising its price target to $2,025 from $1,300.

The firm pointed to ongoing memory shortages and an increase in share buybacks as reasons the flash-memory name could continue its historic rally. Wall Street remains overwhelmingly bullish on SNDK. Of the 22 analysts covering the stock, 18 still carry a “buy” or better rating.

Even after today’s dip, SanDisk is up 3,320% over the past 12 months, though the shares are now pacing for a sixth loss in the last seven sessions. The stock appears to be finding support near the $1,200 level after its record run stalled around $1,600.

Short sellers have been backing away during the rally as well. Short interest dropped 11% over the last two weeks and sits 34.3% lower over the past month, though 7.74% of the stock’s available float remains sold short.

Meanwhile, SanDisk's Schaeffer’s put/call open interest ratio (SOIR) sits higher than 99% of readings from the past year, showing short-term options traders remain unusually put-heavy despite the stock’s massive run.

What's more, SNDK'S **Schaeffer's Volatility Scorecard (SVS)** comes in at 87 out of 100, suggesting the equity has consistently realized lower volatility than its options have priced in.

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