AI Memory Rally Gains Momentum as MU and SNDK Targets Get Boost
Cantor Fitzgerald raised price targets for SanDisk (SNDK) to $2,900 and Micron (MU) to $1,500, with analyst CJ Muse saying the AI memory trade has only reached mid-innings as demand tightness and AI hardware demand boost memory names; MU and SNDK rallied about 11% and 7% midday, while other banks boosted targets and most analysts still rate MU/SNDK buys.