US Stock Market Move | Sandisk (SNDK.US) rose nearly 6% as Barclays significantly raised its target price to $2300.
On Thursday, SanDisk (SNDK.US) rose nearly 6% to $1681.75.
On Thursday, SanDisk (SNDK.US) rose nearly 6% to $1681.75. On the news front, Barclays analyst Tom O'Malley significantly raised SanDisk's target price from $1200 to $2300, and upgraded their rating from "neutral" to "buy". The memory and storage sector is entering a new development stage driven by long-term contracts, tightening supply, and unprecedented pricing visibility. Barclays refers to the memory and storage sector as one of the most attractive verticals outside of accelerators, and notes that the current supply-demand imbalance may continue until 2027. The bank sees SanDisk as one of the biggest beneficiaries of this industry transformation.
Related Articles
US Stock Market Move | Berkshire intends to acquire Taylor Morrison for $8.5 billion, causing its stock to surge more than 20% in early trading.
Data center power infrastructure company ERock (EROC.US) has initiated an IPO on the US stock market, aiming to raise up to $642 million.
Evening hot spot in A shares | Just 73 days! Yushu Technology's IPO quickly passed, and the list of A-share cooperation companies exposed.
US Stock Market Move | Berkshire intends to acquire Taylor Morrison for $8.5 billion, causing its stock to surge more than 20% in early trading.
Data center power infrastructure company ERock (EROC.US) has initiated an IPO on the US stock market, aiming to raise up to $642 million.
Evening hot spot in A shares | Just 73 days! Yushu Technology's IPO quickly passed, and the list of A-share cooperation companies exposed.
