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Citigroup sharply raised SanDisk’s target price by over 50%, and a whale, after hearing the news, went long—now up an unrealized profit of $440,000.

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ME News: On May 20 (UTC+8), according to Hyperinsight monitoring, Wall Street financial giant Citigroup has taken a high-profile bullish stance on storage, significantly raising the target price for SanDisk (SNDK) by more than 50%. The new target price is USD 2025. SNDK rose 3.77% today; the current price still has 46.4% upside to its new target price. It also raised Micron’s target price to USD 840, while MU previously closed up 2.52%. After the news first appeared in the media yesterday, a whale on Hyperliquid immediately opened positions in the two leading storage-sector stocks, MU (Micron) and SNDK (SanDisk), with a total position size of approximately $10 million. As of press time, it had recorded an unrealized profit of $447k (+12.3%). The specific positions are as follows: MU long (10x leverage): holds 7,714.3 shares (approximately $5.5 million), with an average opening price of $687.5. SNDK long (10x leverage): holds 7,714.3 shares (approximately $4.55 million), with an average opening price of $1,319.4. Address: 0x3ed4033676d0bdb3938728ca4ac673d00e74bd06 (Source: BlockBeats)
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