Citi upgrades Sandisk to Buy, citing strong storage tech, innovation, and growth in auto and enterprise markets.

Citi upgraded its price target on Sandisk (SNDK) while maintaining a "Buy" rating, citing the company's strong foothold in flash memory and data storage, innovation in SSDs and memory cards, and strategic focus on high-growth areas like automotive and enterprise storage. The firm highlighted Sandisk's disciplined capital allocation and potential for operational gains, expressing confidence in its ability to sustain growth and deliver long-term value despite macroeconomic challenges and competition.