Sandisk stock price jumps in premarket after Bernstein lifts target to $1,000
Sandisk shares surged 6.8% to $576.25 in Monday premarket trading after Bernstein raised its price target to $1,000, citing strong earnings and guidance. The company now forecasts Q3 revenue of $4.4–$4.8 billion and adjusted EPS of $12–$14, both above consensus. Short interest dropped 19% in January. Traders are watching if the rally holds ahead of Friday’s U.S. jobs report.