Trading expert sets date when Sandisk stock will hit $2,000
The post Trading expert sets date when Sandisk stock will hit $2,000 appeared on BitcoinEthereumNews.com. Sandisk (NASDAQ: SNDK) is up nearly 4% in pre-market trading on May 13 as artificial intelligence (AI) demand continues to push the stock forward, which has already exploded nearly 430% since the beginning of the year. Just a couple of days ago, on May 11, SNDK shares hit record highs after a fresh wave of Wall Street upgrades followed the company’s strong fiscal third-quarter earnings report. The most notable one came from Susquehanna, when analyst Mehdi Hosseini doubled his 12-month Sandisk price target from $1,000 to $2,000 while reiterating a ‘Buy’ rating and pointing to the company’s shareholder return strategy as a key new catalyst. More specifically, management now plans to allocate 50% of free cash flow toward share buybacks over the next two years. According to Hosseini, the plan could contribute around 10% earnings accretion. New Sandisk stock price targets The bullish ou