Citigroup Significantly Raises SanDisk's Price Target by Over 50%, Whale Trader Goes Long Upon Hearing the News, Now Sitting on $440,000 Unrealized Gain

BlockBeats News, May 20th, according to Hyperinsight monitoring, Wall Street financial giant Citigroup made a high-profile bullish view on storage, significantly raising the target price of SanDisk (SNDK) by over 50% to a new target price of $2025. SNDK closed up 3.77% today, with the current price still 46.4% below its new target price; it also raised the target price of Micron Technology to $840, with MU closing up 2.52%.

After the news was first reported in the media yesterday, a whale on Hyperliquid simultaneously took a position in MU (Micron) and SNDK (SanDisk), with a total position size of approximately $10 million, realizing a floating profit of $447,000 at the time of writing (+12.3%). The specific positions are as follows:

MU Long Position (10x leverage): Holding 7,714.3 shares (approximately $5.5 million), with an average entry price of $687.5;

SNDK Long Position (10x leverage): Holding 7,714.3 shares (approximately $4.55 million), with an average entry price of $1319.4.

Address: 0x3ed4033676d0bdb3938728ca4ac673d00e74bd06

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