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Citigroup raises SanDisk target price to $2500
BlockBeats news, June 25, Citigroup analyst Asiya Merchant raised the price target for SanDisk from $2025 to $2500 and maintained a Buy rating on the stock.
Micron's earnings show that the NAND market will remain tight until 2027, the analyst told investors in a research report. Citigroup believes continued strong demand and pricing will drive the upward revision of SanDisk's price target.