On May 26, Tradr 2X Long SNDK Daily ETF (SNXX) rose 8.08% in pre-market trading, trading at $183.90 USD/share, with trading volume of approximately $38.51 million.

The leveraged ETF tracking SanDisk continues to benefit from a wave of bullish Wall Street catalysts. Citi raised its SanDisk target price from $1,300 to $2,025 on May 19, maintaining a Buy rating, citing a structural NAND shortage potentially lasting through 2030. The upgrade was underpinned by Kioxia's strong quarterly results showing revenue up 85% sequentially with operating margins approaching 74%. Citi forecasts NAND average selling prices rising 186% year-over-year in 2026, with enterprise SSD prices surging approximately 265%, driven by generative AI training and inference workloads. Additionally, a separate analyst recently raised SanDisk to Buy with a $3,000 target, citing a forward P/E of just 7x on 2027 earnings. SanDisk itself reported Q3 revenue of $5.95 billion, up 252% year-over-year, with a 69% operating margin, and announced a $6 billion buyback program.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)