SanDisk Corporation has a lock-up agreement for 2,033,708 shares of common stock. The agreement expires on March 20, 2026.
A 31-day restriction prevented directors, officers, and Western Digital Corporation from selling shares. Sales required prior consent from J.P. Morgan Securities LLC.
The expiration coincides with high investor interest and positive momentum. Citi and KGI Securities issued positive ratings.
Citi raised its price target to $875. The firm cites surging demand for NAND flash memory driven by the artificial intelligence sector.
Strong quarterly results support this outlook. The stock reached new all-time highs.