On June 9, Tradr 2X Long SNDK Daily ETF rose 8.52% in regular trading, trading at $27.97/share, with trading volume of $143 million. The fund is a 2x leveraged long ETF tracking SanDisk, and its surge reflects a wave of bullish upgrades on the underlying stock from major investment banks.

On the news front, Cantor Fitzgerald raised its SanDisk target price from $1,800 to $2,900; Mizuho raised its target from $1,825 to $2,200; Morgan Stanley raised its target from $1,100 to $1,750 — all maintaining Outperform ratings. Morgan Stanley analyst Joseph Moore noted that the memory market faces structural supply constraints rather than short-term supply-demand mismatches, with DRAM emerging as the primary bottleneck in AI infrastructure. Bank of America highlighted that SanDisk has locked in over one-third of its FY2027 revenue through a new business model, raising revenue and EPS estimates to $44 billion and $188, respectively, citing sustained NAND price increases with no new supply expected until 2028/2029.

(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.)