Susquehanna Remains Bullish on SanDisk Following STEC, Western Digital Deal, Says Deal Highlights Growth Potential

With shares of STEC

nearly doubling over the course of Monday's trading session following a deal with Western Digital

, analysts and traders are scurrying around to find ways to play increased sentiment in the industry. Susquehanna analyst Mehdi Hosseini highlighted SanDisk as the sole manufacturer of NAND products with a portfolio of diversified solid-state, drive-related IP -- something Hosseini believes is not yet priced into SanDisk shares. The analyst sees SanDisk's IP as the "key differentiation" between SanDisk and the other players in the space. Hosseini maintains a Positive rating and $77 price target on shares of SanDisk.