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Barchart

Ian Cooper

Sandisk Stock Is Up 3,126% Since August. Wall Street Is Confident That More Upside Is Ahead.

SanDisk Citi SNDK United States Artificial Intelligence

Up about 3,126% since August, shares of SanDisk (SNDK) still offers plenty of upside opportunity. According to analysts at Citi, the tech giant could rally more than 50% higher to $2,025. All thanks to strong storage demand, a strong pricing environment, and unending interest in artificial intelligence. In addition, as noted by the firm, signed long-term agreements could provide gross margins of more than 80% moving forward.

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