From Alphastreet - Earnings Decoded. Market Intelligence Delivered · AlphaStreet Newsdesk · · 40s
Sandisk Shares Rise After Cantor Fitzgerald Target Cut
Sandisk stock jumps 5.5% despite Cantor Fitzgerald lowering price target.
In brief
Sandisk stock jumps 5.5% despite Cantor Fitzgerald lowering price target. Sandisk shares rose 5.5% to $1376.10 after Cantor Fitzgerald reduced its price target by 24.1% while maintaining an Overweight rating. Originally reported by Alphastreet - Earnings Decoded. Market Intelligence Delivered.
Sandisk Shares Jump
Sandisk Corporation shares jumped 5.5% Wednesday to $1376.10.
Cantor Fitzgerald Target Cut
Cantor Fitzgerald cut its price target by 24.1% while maintaining an Overweight rating.
Market Reaction
The stock climbed on elevated volume of 4.1M shares with a market cap of $199.4B.
Capital Allocation Focus
Investors responded to dividend activity and buyback signals overshadowing the price target cut.
The one thing
Sandisk shares rose 5.5% to $1376.10 after Cantor Fitzgerald reduced its price target by 24.1% while maintaining an Overweight rating.
