Citi raised the firm’s price target on SanDisk (SNDK) to $2,025 from $1,300 and keeps a Buy rating on the shares. The “strong” earnings report from Kioxia indicates “persistently strong” storage demand and a “highly favorable” pricing environment, the analyst tells investors in a research note. Citi remains constructive on SanDisk and believes the company’s buybacks can help drive upside to earnings estimates.
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