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Why Sandisk Bulls Are Becoming Even More Bullish After Micron's Results

1. SNDK's stock nearly tripled since February spinoff from Western Digital. 2. Citi raised SNDK's price target to $125, citing AI-driven demand. 3. Micron's strong quarterly results boost expectations for SNDK. 4. Higher pricing for flash memory products to improve SNDK's margins. 5. Demand for data storage by big tech supports strong stock performance.

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FAQ

Why Very Bullish?

Citi's price target increase is backed by improving industry fundamentals. Historical patterns show price boosts following analyst upgrades can lead to actual stock price increases.

How important is it?

The article emphasizes substantial analyst upgrades and demand growth, highly relevant to SNDK's future.

Why Long Term?

SNDK is positioned to benefit from sustained AI demand, suggesting long-term growth potential. Companies in similar situations have seen lasting positive momentum.

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