Citi Just Raised Its Price Target on SanDisk Stock. Here's Why.

SanDisk (SNDK) shares are pushing higher on Thursday morning after a senior Citi analyst, Asiya Merchant, issued a bullish note in favor of the flash memory storage devices manufacturer.

Merchant maintained a "Buy" rating on SNDK and raised her price objective to $2,500 — indicating potential upside of another 10% from current levels.

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Note that SanDisk stock has already been a lucrative investment in 2026, currently trading at about 8x its price at the start of this year.

Merchant's constructive view is rooted in blowout Q3 results reported by Micron Technology (MU) late on June 24, which serve as a powerful bellwether for SanDisk.

In her research note, the Citi analyst attributed MU's blockbuster numbers partly to "tight NAND industry conditions," adding SNDK, as a key flash-storage maker, is

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/citi-just-raised-price-target-190341282.html)