$SanDisk Corp.(SNDK)$ $T-Rex 2

$SanDisk Corp.(SNDK)$ $T-Rex 2X Long SNDK Daily Target ETF(SNDU)$ $Roundhill Memory ETF(DRAM)$ Saw Goldman Sachs on SanDisk. They've raised their price target to $3,100 and see upside potential to $4,000.

Their note mentions the company's recently signed New Business Model (NBM) agreements. The updated model reflects committed revenues from five NBMs in total: three signed in FQ3 totaling around $42 billion in RPO, and two more deals signed early in FQ4 where the RPO balance hasn't been disclosed yet. Their estimate is that all five deals represent roughly $62 billion in minimum committed revenue over the next several years, with over $11 billion in financial guarantees or prepayments. That provides better visibility than SanDisk has had in the past.

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