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Sandisk shares drop as an analyst reiterates a far higher target

The updated target suggests roughly 85% upside versus the current share price, per a MarketWatch-cited note.

Reported · Written up by our desk · Equities

Sandisk’s stock has fallen sharply, even as at least one analyst issued a new price target that points to much higher upside from current levels.

MarketWatch notes that the target implies nearly 85% potential appreciation from where the shares are trading now.

The move highlights a split between the stock’s recent selloff and select bullish views reflected in updated Wall Street targets.

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