--- title: "Weekly Recap | Sandisk -27.44%, memory names rebound after rout" type: "News" locale: "en" url: "https://longbridge.com/en/news/304725673.md" description: "Sandisk (SNDK) fell 27.44% this week to $835.06, down from $1,150.89 at the previous Friday’s close. The S&P 500 lost 2.68%, leaving Sandisk trailing by about 24.76 percentage points. The week opened lower and kept sliding through Thursday, when it hit $803.97, before a Friday bounce that recovered only part of the drop. Daily volume averaged about 15.8m shares, roughly 77% above the median, so the sell-off came on heavy turnover." datetime: "2026-11-07T08:56:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/304725673.md) - [en](https://longbridge.com/en/news/304725673.md) - [zh-HK](https://longbridge.com/zh-HK/news/304725673.md) generator: "portal-rs" --- # Weekly Recap | Sandisk -27.44%, memory names rebound after rout ## The Week Sandisk (SNDK) fell 27.44% this week to $835.06, down from $1,150.89 at the previous Friday’s close. The S&P 500 lost 2.68%, leaving Sandisk trailing by about 24.76 percentage points. The week opened lower and kept sliding through Thursday, when it hit $803.97, before a Friday bounce that recovered only part of the drop. Daily volume averaged about 15.8m shares, roughly 77% above the median, so the sell-off came on heavy turnover. ## Key Events This week’s story was less about Sandisk itself and more about a violent de-rating across AI and memory names. Thursday’s session saw Sandisk touch $803.97, more than 57% below its September high of $1,909.48. By Friday, sentiment shifted: memory stocks rebounded sharply in pre-market trading, with Sandisk up more than 12% at one point and Micron up over 9%, helped by reports around TSMC and by brokers framing memory demand as intact into 2028. The Philadelphia Semiconductor Index rose as much as 6.8% intraday, and the Nasdaq 100 bounced, but a much stronger-than-expected October jobs report pushed the odds of a December Fed hike higher and kept the rebound fragile. Company-specific news was thin; the move was driven mostly by macro rate expectations and de-risking across AI-linked holdings. ## Analyst Ratings As of 4 November, 25 analysts covered Sandisk: 17 rate it buy, 4 overweight, 3 hold, and 1 underweight, with no sell or no-opinion ratings, and the consensus is buy. The consensus target is $2,023.625, about 142.33% above the $835.06 spot price. Targets range from $870 to $3,000, a spread of more than $2,000 that points to wide disagreement on valuation. Within the hardware, storage and peripherals industry, Sandisk ranks 5th out of 32 names, above the median. The rating structure leans upward, but the wide target range shows how split the Street is on the durability of memory demand. ## The Week Ahead Macro data dominates the coming week. US CPI and core CPI land on 10 November, with headline seen at 3.9% versus 3.7% prior and core at 2.8% versus 2.6%, and those prints will feed directly into December Fed-hike pricing. NFIB small-business optimism follows the same day, and wholesale sales arrive on 9 November. Sandisk’s next earnings report is not until 28 January 2027, when it will post fiscal Q2 results with estimates of $57.3125 EPS and $12.5bn revenue. Near term, the question is whether the rebound in memory and AI names can hold if the CPI data reinforce tightening bets. ## In Short Sandisk’s drop this week far outpaced the market, yet the analyst rating structure still tilts upward and the consensus target sits well above spot, creating a visible gap between price and institutional views. At the same time, the latest session’s fund-flow snapshot shows large and medium orders as net buyers, with small orders also net buyers, which contrasts with the heavy-volume sell-off seen during the week. The next test is next week’s CPI: if it strengthens rate-hike expectations, the AI trade may face another round of de-risking. Price sits near recent lows, but macro and sector uncertainty remains unresolved. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) ## Related News & Research - [Micron Stock (MU) Forecast – Why Are Analysts Bullish Despite Ongoing Volatility?](https://longbridge.com/en/news/305555924.md) - [Rocket Lab Corporation (RKLB) Completes 100th Electron Launch; Next 100 Booked](https://longbridge.com/en/news/305538450.md) - [SALIK: Geopolitical disruption pressured results, while VAT compensation neutralized reassessment and refinancing remains key](https://longbridge.com/en/news/305533519.md) - [Top 3 Canadian Undervalued Stocks To Watch In November 2026](https://longbridge.com/en/news/305545652.md) - [Microsoft's school email bill gives rivals something to smile about](https://longbridge.com/en/news/305544196.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**