Citigroup has significantly increased its price target for SanDisk (SNDK) by over 50% to $2,025, reflecting a bullish outlook on the storage sector. SanDisk shares rose 3.77% today, with a 46.4% potential upside to the new target. Citigroup also raised its target for Micron (MU) to $840, following a 2.52% gain in MU shares.
Following the announcement, a large investor on Hyperliquid initiated positions in both SanDisk and Micron, totaling approximately $10 million. This strategic move has resulted in an unrealized profit of $447,000, marking a 12.3% gain. The investor's positions include a 10x leveraged long position in Micron and SanDisk, with entry prices of $687.50 and $1,319.40, respectively.
Citigroup Boosts SanDisk Target Price by Over 50%, Whale Gains $447K
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