[Bernstein Significantly Raises SNDK Target Price to $3,000] BlockBeats News, June 30, Bernstein analyst Mark Newman raised the company's target price for SNDK stock from $1,700 to $3,000, while maintaining an 'Outperform' rating on the stock. The company pointed out that the new long-term agreements (LTAs) for memory differ from the old agreements, as the old LTAs were more customer-oriented, whereas the new LTAs feature fixed or range-constrained pricing, including prepayment commitments to lock in customers and mitigate downside risks, with longer durations. According to data provided by the company, it estimates that the floor price in the recently signed LTAs by SanDisk is $0.29 per GB, which is significantly lower than Micron's floor price compared to second-quarter levels, the analyst stated in a research report to investors.