On August 7, SanDisk Corp. rose 3.4% in pre-market trading, trading at approximately $1,302.99/share, with turnover of $83.51 million. The rebound follows RBC Capital Markets raising its price target on SanDisk from $1,000 to $1,300 while maintaining a Sector Perform rating.

The upgrade comes after SanDisk suffered a significant two-day selloff triggered by fiscal Q4 earnings guidance that fell short of elevated market expectations. Despite reporting Q4 revenue of $8.97 billion — a 372% year-over-year surge — and adjusted EPS of $39.25 well above the $34.37 consensus, the company's next-quarter revenue guidance midpoint of $105.5 billion missed the $108 billion market expectation. Multiple Wall Street firms cut targets post-earnings, including Citi to $2,100, Wells Fargo to $1,400, and Jefferies to $1,750. RBC's contrarian upgrade provided sentiment support, with FactSet data showing analysts maintain an average Overweight rating and mean target of $2,305.39.

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