SNDK

Investing.com -- Barclays analyst Tom O’Malley upgraded Sandisk to Overweight in a note on Wednesday, lifting the stock’s price target to $2,300, arguing that the memory and storage sector is entering a fundamentally different phase driven by long-term contracts, tighter supply, and unprecedented pricing visibility.

Barclays upgrades Sandisk stock to Overweight from Equal Weight and lifts its price target to $2,300 from $1,200 in a research note.

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Barclays analyst Thomas O'Malley upgrades SanDisk (NASDAQ:SNDK) from Equal-Weight to Overweight and raises the price target from $1200 to $2300.

SanDisk (SNDK) climbs as Barclays raises its target to $2,300, citing huge AI storage demand and a strong long-term contract strategy.

Sandisk's data center storage revenue is surging on AI-fueled demand. Click here to read why SNDK stock is a Strong Buy.

Roundhill Memory ETF (ticker: DRAM), the first ETF focused solely on memory chips, has launched with Sandisk (NasdaqGS:SNDK) as a top holding. DRAM has quickly become the fastest growing ETF in history, signaling a sharp pickup in dedicated capital flowing into the memory sector. The ETF launch comes during a global memory chip shortage linked to rising AI demand and tight supply conditions. Sandisk, traded as NasdaqGS:SNDK, is a pure-play memory company that sits directly in the path of...