Citi raised the firm’s price target on SanDisk (SNDK) to $750 from $490 and keeps a Buy rating on the shares. The company’s December quarter “significantly beat” estimates on better product mix and strengthening demand, the analyst tells investors in a research note. The firm says SanDisk’s data center momentum is accelerating.
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Read More on SNDK:
- SanDisk Stock Explodes 23% on Q2 Earnings Beat — Buy SNDK or Wait?
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- SanDisk price target raised to $800 from $550 at Cantor Fitzgerald
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