SanDisk stock crashes 12.6%, analysts predict worst-case drop to $1,000

SanDisk stock (NASDAQ: SNDK) crashed 12.63% on Thursday in the largest semiconductor sell-off of the year, with peers SK Hynix and Micron Technologies also experiencing steep downturns. SK Hynix stock (NASDAQ: SKHY) fell 13.69% and is now back close to its launch price of $152, while Micron stock (NASDAQ: MU) plunged nearly 6% to close at $852.

The shock crash has left investors worried, as they are unable to pinpoint when the equities could bottom out. On the heels of the ongoing semiconductor-sector crash, research firm StockAnalysis has provided a worst-case crash-scenario Price Prediction for SanDisk stock.

The firm took an overall consensus from 20 Wall Street analysts, predicting how low SNDK can fall in the worst-case scenario. The Wall Street consensus predicts that SanDisk stock can fall to a low of $1,000, a decline of close to 30% from its current price of $1,411.

However, this is only under the worst-case scenario if the market enters a recession, among other distressing financial outcomes. If the market remains normal with a few ups and downs, SanDisk stock traders have nothing to worry about.

The semiconductor and high-bandwidth memory sector is the most in-demand in building AI infrastructure, with multinational corporations depending on their products. The demand has reached unprecedented heights, making SanDisk’s revenues experience a massive surge in value, with business likely remaining positive until the end of the decade.

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