Barclays significantly raised Sandisk's (SNDK.US) target price to $2300, saying that industry supply and demand imbalances may continue until 2027.

According to the Wise Finance APP, Barclays has upgraded SanDisk (SNDK.US) from "hold" to "buy" and significantly raised its target price to $2300. It is worth noting that SanDisk was unable to maintain its pre-market gains after the market opened, with the stock falling over 2.6% to $1548.9 at the time of writing.