Movement Alert｜Tradr 2X Long SNDK Daily ETF Rises 8.52% in Regular Trading, Multiple Banks Sharply Raise SanDisk Target Prices

Market Focus06-09

On June 9, Tradr 2X Long SNDK Daily ETF rose 8.52% in regular trading, trading at $27.97/share, with trading volume of $143 million. The fund is a 2x leveraged long ETF tracking SanDisk, and its surge reflects a wave of bullish upgrades on the underlying stock from major investment banks.

On the news front, Cantor Fitzgerald raised its SanDisk target price from $1,800 to $2,900; Mizuho raised its target from $1,825 to $2,200; Morgan Stanley raised its target from $1,100 to $1,750 — all maintaining Outperform ratings. Morgan Stanley analyst Joseph Moore noted that the memory market faces structural supply constraints rather than short-term supply-demand mismatches, with DRAM emerging as the primary bottleneck in AI infrastructure. Bank of America highlighted that SanDisk has locked in over one-third of its FY2027 revenue through a new business model, raising revenue and EPS estimates to $44 billion and $188, respectively, citing sustained NAND price increases with no new supply expected until 2028/2029.

(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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