On June 10, Tradr 2X Long SNDK Daily ETF rose 8.25% in regular trading, trading at $26.92/share, with trading volume of $324 million. The leveraged ETF, which provides 2x daily long exposure to SanDisk, surged as the underlying stock rebounded sharply.

On the news front, several major Wall Street firms have recently raised their target prices for SanDisk in quick succession. Bank of America lifted its target from $1,550 to $2,100 and reiterated a Buy rating. Mizuho raised its target to $2,200, while Cantor Fitzgerald significantly increased its target to $2,900. Bank of America analysts highlighted that SanDisk has locked in over one-third of its fiscal 2027 revenue through a new business model, demonstrating strong pricing power, with NAND average selling prices expected to rise throughout the year.

Additionally, UBS noted that global semiconductor industry revenue is projected to sustain growth, with storage chips remaining a core driver as Agentic AI continues to expand demand for HBM and NAND products.

(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.)