$SNDK rose 4.6% in premarket trading after Bank of America raised its price target to $2,100 from $1,500, citing a “tight” supply-demand balance. “So far, SanDisk has signed up over a third of its F27 revenue via [new business models], which means that over 60% of its NAND supply is still available for customers to purchase (albeit at higher prices vs. a year ago),” analyst Wamsi Mohan wrote in a note to clients.

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