Sandisk stock price jumps after-hours as Bernstein lifts target to $1,000
Sandisk shares jumped 4.5% to $695.36 in after-hours trading Tuesday, with volume topping 30 million and prices swinging between $647.50 and $712.93. Bernstein raised its price target to $1,000 after Sandisk posted Q2 revenue of $3.03 billion and forecast Q3 revenue up to $4.8 billion. The company completed its split from Western Digital last February. Investors are watching NAND flash prices and supply deals closely.