Sandisk stock jumps after Citi lifts target to $490 as data-center demand tightens supply
Sandisk shares jumped 9.6% to $453.12 in after-hours trading Tuesday after Citi raised its price target to $490, citing strong data center demand and limited supply. The move came as the S&P 500 fell 2% and the Nasdaq dropped 2.4%. Investors are watching Sandisk’s Jan. 29 earnings for signals on enterprise SSD pricing and demand.