Sandisk Corporation stock slides 11% as CES rally cools; BofA lifts target to $390
Sandisk shares dropped about 11% to $315.04 in volatile Thursday trading, erasing gains from a CES-driven rally. The decline followed Bank of America’s price target hike to $390 on AI storage demand, and came as analysts warned of a potential disconnect from fundamentals. Investors now await Friday’s U.S. jobs report and Sandisk’s Jan. 29 earnings call.