Why Sandisk Stock Jumped 34% in June
Sandisk (NASDAQ: SNDK) has been one of the big winners on the stock market over the last year as the maker of flash memory storage products, including USB flash drives and solid-state drives, has seen profits soar due to the memory shortage.
In June, the stock jumped again, rising 34% according to data from S&P Global Market Intelligence, as the company benefited from a strong earnings report from , an industry bellwether, which said that the shortage in the memory sector would last through 2027, which favors continued bumper profits for Sandisk and Micron.
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Source Fool.com
Micron Technology Inc. Stock
€761.90
0.130%
The stock is one of the favorites of our community with 161 Buy predictions and 1 Sell predictions.
As a result the target price of 1293 € shows a very positive potential of 69.71% compared to the current price of 761.9 € for Micron Technology Inc..
