Sandisk Reaches All-Time High, Price Target Raised by Citigroup
Sandisk (SNDK) reached an all-time high of $2,348 during intra-day trading and closed at $2,335 after a 21.53% gain. The surge followed strong earnings from Micron Technology, which validated robust demand in the memory market. Citigroup raised its price target for Sandisk by 23%, citing improved NAND supply/demand fundamentals driven by AI-led datacenter growth.
Topics: AI demand Citigroup upgrade Micron Technology NAND market fundamentals Sandisk