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Citi Revises SanDisk Target, Memory Rebound: Worth Buying at This Level?

SanDisk rallied 3.77% today, driven by Citi's revised full-year price target, which swiftly reversed yesterday's sharp 5.3% selloff. The move mirrors strength in MU as markets front-run HBM demand signals ahead of NVDA's earnings tonight, triggering broad-based re-accumulation across the memory sector. Citi's revision implies storage chip cycle momentum remains intact into H2, but the two-day volatility swing signals deep institutional disagreement. If NVDA's memory guidance beats expectations, is today's rebound the start of a real reversal — or another high-level distribution opportunity?

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