{"id":510989,"date":"2026-06-25T20:31:15","date_gmt":"2026-06-25T20:31:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/510989\/"},"modified":"2026-06-25T20:31:15","modified_gmt":"2026-06-25T20:31:15","slug":"sandisk-jumps-as-citi-raises-target","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/510989\/","title":{"rendered":"Sandisk Jumps As Citi Raises Target"},"content":{"rendered":"\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">This article first appeared on <a href=\"https:\/\/www.gurufocus.com\/news\/8931891\/sandisk-jumps-as-citi-raises-target?utm_source=yahoo_finance&amp;utm_medium=syndication&amp;utm_campaign=headlines&amp;r=caf6fe0e0db70d936033da5461e60141\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-ylk=\"slk:GuruFocus;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkText&quot;:&quot;GuruFocus&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;}\">GuruFocus<\/a>.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Sandisk (<a href=\"https:\/\/finance.yahoo.com\/quote\/SNDK\" target=\"_blank\" class=\"stocks_tp\" data-ylk=\"slk:NASDAQ%3ASNDK;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkText&quot;:&quot;NASDAQ:SNDK&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;}\" rel=\"nofollow noopener\">NASDAQ:SNDK<\/a>) jumped in premarket trading after Citi raised its price target and opened a 90-day upside catalyst view, citing stronger NAND fundamentals after Micron&#8217;s blowout earnings as per reporting from <a href=\"https:\/\/seekingalpha.com\/news\/4607193-sandisk-in-focus-as-citi-ups-price-target-opens-upside-view\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-ylk=\"slk:Seeking%20Alpha.;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkText&quot;:&quot;Seeking Alpha.&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;}\">Seeking Alpha.<\/a>  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Citi lifted its target on Sandisk to $2,500 from $2,025, saying the company should benefit from better pricing and durable AI-led data center demand. The firm specifically pointed to KV cache offloading, where more cost-effective SSDs can help support AI workloads, as a driver of stronger NAND supply-demand trends.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The call follows Micron&#8217;s strong quarterly results, which reinforced the view that AI memory demand remains healthier and more durable than investors feared. Sandisk shares rose 15.5% in premarket trading as investors looked for other storage and memory names that could benefit from the same cycle.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Citi expects updated commentary on demand and the technology roadmap, as well as a potentially constructive outlook on capital returns. The takeaway is that the AI memory rally is spreading beyond Micron into broader storage plays.  <\/p>\n","protected":false},"excerpt":{"rendered":"This article first appeared on GuruFocus. Sandisk (NASDAQ:SNDK) jumped in premarket trading after Citi raised its price target&hellip;\n","protected":false},"author":2,"featured_media":3020,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,35940,85,46,8408,78557],"class_list":["post-510989","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-citi","tag-il","tag-israel","tag-premarket-trading","tag-sandisk"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/510989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=510989"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/510989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/3020"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=510989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=510989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=510989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}