On July 14, Tradr 2X Long SNDK Daily ETF rose 8.52% in pre-market trading, trading at approximately $22.96/share, with turnover of $37.01 million. The ETF is a 2x leveraged long product tracking SanDisk, which rebounded approximately 3.35% pre-market, amplifying gains through its leverage structure.

On the news front, multiple Wall Street firms issued bullish calls despite the prior session's sharp selloff. Evercore ISI raised its SanDisk target price from $1,400 to $3,100, maintaining an Outperform rating, citing underestimated earnings durability and pricing power amid supply-demand imbalances expected to persist through 2027. Goldman Sachs raised its target from $1,200 to $2,200, reiterating a Buy rating, anticipating a strong fiscal Q4 report in August driven by tight NAND supply and improved enterprise SSD product mix. Wedbush also raised its target to $2,000.

The rebound follows a brutal prior session in which SanDisk plunged over 12% amid storage cycle peak fears and SK Hynix's sharp decline dragging the entire sector lower. The concentrated upgrades from major institutions provided recovery momentum for the oversold stock.

(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.)