Sandisk Stock Is Down 30% From Its Peak: Is the Memory Winner Still a Screaming Buy Before September?
Sandisk's future is out of its hands.
Overview
Sandisk (NASDAQ: SNDK) has had quite the run in 2026. Sandisk stock is up nearly 600% this year, although it's currently down around 30% from its highs. It reached its peak right before the calendar flipped to July, and a mid-year sell-off, likely inspired by profit-taking, caused the stock to plummet. However, it is recovering at a rapid pace.
The question is, can Sandisk sustain this rally to new highs, or is this a proper spot for the stock to trade at? Let's take a look at Sandisk's valuation and see if it's the right stock to buy now.
Image source: The Motley Fool.
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Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.