On June 11, Tradr 2X Long SNDK Daily ETF rose 8.65% in regular trading, trading at $26.61/share, with trading volume of $220 million. As a 2x leveraged long product tracking Sandisk, the ETF's gains directly reflect amplified moves in SNDK shares.

On the news front, multiple Wall Street banks have significantly raised their target prices for Sandisk in recent days. Bank of America lifted its target from $1,550 to $2,100, maintaining a Buy rating, citing strong NAND demand, favorable pricing trends, and the company's new multi-year supply agreements that lock in over one-third of fiscal 2027 revenue. Mizuho raised its target from $1,825 to $2,200, highlighting AI workloads driving storage demand imbalances. Cantor Fitzgerald issued the most bullish call, raising its target to $2,900 and projecting memory supply shortages through the end of 2028, with NAND market revenues reaching $360 billion by 2027.

The consensus view centers on structural undersupply in NAND markets driven by AI infrastructure buildout, with new capacity not expected until 2028-2029, supporting sustained price strength.

(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.)