SanDisk Corp ( (SNDK) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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SanDisk Corp shares moved higher after Micron reported stronger-than-expected first-quarter earnings, which lifted sentiment across the memory-chip sector. Riding this positive momentum, analysts kept their strong buy ratings on SanDisk, pointing to what they describe as a potential “historic upcycle” and noting improving performance through the quarter. Reflecting this optimism, the consensus price target stands at $262.71, implying an estimated 21.6% upside from current levels.
More about SanDisk Corp
YTD Price Performance: 474.53%
Average Trading Volume: 11,045,137
Technical Sentiment Signal: Strong Buy
Current Market Cap: $30.68B
For further insights into SNDK stock on TipRanks’ Stock Analysis page.
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