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Sandisk Stock Pulls Back After Citi Raises Target as 1,200% AI Rally Meets Valuation Test
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Sandisk Stock Pulls Back After Citi Raises Target as 1,200% AI Rally Meets Valuation Test
Citi raised Sandisk’s price target to $875 from $750 after Micron’s strong quarterly results, but Sandisk shares fell 4.4% to $738.50 in early Friday trading. Micron, Western Digital, and Seagate also dropped. Sandisk’s stock has surged over 1,200% in the past year, outpacing the average analyst target of $570. Micron reported record revenue and raised its capital spending outlook. The post Sandisk Stock Pulls Back After Citi Raises Target as 1,…
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