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Barchart
Barchart
Wajeeh Khan

Citi Just Raised Its Price Target on Sandisk Stock by 50%. Here's Why.

Sandisk (SNDK) stock extended gains on May 19 after Citi’s senior analyst Asiya Merchant issued a bullish note on the semiconductor giant specializing in flash memory products.

In her research note, Merchant maintained a “Buy” rating on SNDK and raised the price objective sharply to $2,025, indicating potential upside of more than 50% from current levels.

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