Movement Alert｜Tradr 2X Long SNDK Daily ETF Rises 8.03% in Pre-Market Trading, Storage Rally Extends on Barclays Upgrade and AI-Driven NAND Super Cycle

Market Focus05-27 19:56

On May 27, Tradr 2X Long SNDK Daily ETF (SNXX) rose 8.03% in pre-market trading, trading at $211.60 USD/share, with trading volume of approximately $45.02 million.

The rally was driven by Barclays upgrading SanDisk from Equal Weight to Overweight, raising its price target from $1,200 to $2,300. This is the latest in a series of bullish analyst actions, with the FactSet consensus showing an average Overweight rating and a mean price target of $1,683.78. Separately, analyst Fernandez upgraded SanDisk to Buy with a $3,000 target, citing the company's core position in the AI storage super cycle and a forward P/E of just 7x on fiscal 2027 estimates.

SanDisk has surged approximately 550% year-to-date, and the leveraged ETF has climbed from around $151 to over $211 in just over a week, reflecting intensifying momentum as multiple institutions re-rate the AI-driven NAND demand outlook.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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