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Sandisk shares surge on analysts’ view of new financial targets

The stock is up more than 60% from its recent low point, after gaining nearly 35% over the week, following renewed optimism around the company’s latest targets.

Reported · Written up by our desk · Equities

Sandisk’s shares jumped sharply this week, with the stock up nearly 35% as analysts weighed in positively on the company’s new financial targets, according to MarketWatch.

The rally has extended beyond the week, lifting shares by more than 60% from their recent low point as sentiment improved around those targets.

MarketWatch noted that the latest analyst response was a key catalyst behind the rebound.

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