On June 11, Tradr 2X Long SNDK Daily ETF rose 8.1% in pre-market trading, trading at $27.42/share, with trading volume of $7.015 million. The ETF is a 2x leveraged long product tracking Sandisk, with the underlying stock's continued strength amplifying gains in the leveraged vehicle.

On the news front, multiple Wall Street banks have recently raised Sandisk target prices in rapid succession: Bank of America raised its target from $1,550 to $2,100, reiterating a Buy rating; Mizuho raised its target to $2,200; Cantor Fitzgerald significantly raised its target to $2,900, maintaining an Outperform rating. Bank of America analysts noted that Sandisk has locked in over one-third of fiscal 2027 revenue through a new business model, with strong pricing power and NAND average selling prices expected to rise throughout the year, while new supply additions are not expected until 2028/2029.

UBS also highlighted that despite short-term correction pressure, storage chips remain the core driver of global semiconductor revenue growth, with Agentic AI driving sustained expansion in HBM and NAND demand. The current pullback reflects short-term sentiment cooling rather than fundamental deterioration.

(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.)