Sandisk stock jumps as Citi doubles price target to $490, bucking a weak market
New York, Jan 20, 2026, 10:14 EST — Regular session
- Sandisk shares jumped roughly 7% following Citi’s boost of its 12-month price target to $490 from $280.
- Citi highlighted steady spending from hyperscale cloud data centers, saying it’s driving demand for storage hardware.
- Investors are zeroing in on Sandisk’s earnings call set for Jan. 29, eager for clues on pricing trends and demand.
Shares of Sandisk Corp jumped Tuesday after Citi boosted its 12-month price target to $490 from $280, reaffirming its Buy rating. The bank cited strong spending from major cloud data-center players as a key driver. Sandisk climbed roughly 7.4% to $444.43 by mid-morning, hitting an intraday peak of $449.80. (TipRanks)
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