Citi boosts SanDisk's PT on strong memory demand
ReutersJan 20, 2026 2:08 PM
Citi raises PT on memory chipmaker SanDisk SNDK.O to $490 from $280
New PT implies an upside of 18.5% to the stock's last close
"Strong underlying data center demand plus stable-to-favorable supply/demand conditions and strong competitive moat should enable the company to drive share in the growing Enterprise SSD segment post-spin" - brokerage
Avg. rating of 22 analysts is "buy"; their median PT is $300 - data compiled by LSEG
Since its debut on Nasdaq in February 2025, SNDK has risen almost 11.5-fold as of the last close
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