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Why Sandisk Stock Popped Again Today

TheMotleyFool

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Sandisk (NASDAQ: SNDK) stock closed last week at an all-time high near $990 a share -- and it's starting this week right, too.

Shares of the computer memory-maker jumped 4.2% through 10 a.m. this morning after Melius Research initiated coverage with a buy rating and a $1,350 price target. The analyst believes Sandisk shares will rise another 36% over the next 12 months.

Image source: Getty Images.

Source Fool.com

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