Sandisk (NASDAQ:SNDK) Now Covered by Analysts at Rosenblatt Securities
Kevin Cassidy said AI demand is turning NAND into critical infrastructure, with SanDisk’s customer agreements covering about 65% of fiscal 2028 production.
- Rosenblatt analyst Kevin Cassidy initiated coverage of Sandisk with a Buy rating and $2,400 price target, arguing AI workloads are transforming NAND flash into critical computing infrastructure.
- Cassidy argues new AI compute platforms create an opportunity to reposition NAND "from a commodity storage medium to a more system-critical component of AI infrastructure," prioritizing density and performance over lowest price.
- CEO David Goeckeler cited over four years of demand visibility through signed New Business Model agreements totaling at least $93.9 billion, covering roughly 65% of fiscal 2028 production.
- Sandisk trades at roughly 8x forward earnings despite a 699% year-to-date rally, with a fiscal 2028 EPS consensus of $265 reinforcing the valuation opportunity.
- Industry revenue is expected to approach $500 billion by 2027, as Sandisk's framework targets mid-to-high-teens revenue growth and roughly 80% non-GAAP gross margin supported by a 25-year manufacturing partnership with Kioxia.
11 Articles
11 Articles
Analyst Says Sandisk to Hit $2,400 as NAND Flash Becomes Critical AI Infrastructure
Rosenblatt analyst Kevin Cassidy initiated coverage of Sandisk (NASDAQ:SNDK) with a Buy rating and a $2,400 price target, arguing that AI workloads are transforming NAND flash from a commodity into critical computing infrastructure. The call arrives after a blockbuster fiscal 2026 in which Sandisk stock has rallied 698.69% year to date. For long-term investors, the […]
SNDK gained 5% after Rosenblatt initiated a “buy” recommendation with a target price of $2,400, viewing AI as a key infrastructure driver for NAND, and anticipating its inclusion in the S&P 100. Thai DRs SNDK03-SNDK23-SNDK80 also rose 6.80-6.90%, boosted by strong trading activity mirroring the underlying stock. The post SNDK Up 5% on AI-Driven NAND Growth, Broker Sets $2,400 Target, Thai DRs Rise Strongly appeared first on Business Online Stock…
SanDisk Stock Jumps as Rosenblatt Sees AI Driving SNDK Toward $2,400
SanDisk stock surged on Tuesday after Rosenblatt initiated coverage of the memory-chip company with a Buy rating and a $2,400 price target, adding fresh momentum to one of 2026’s biggest AI-driven stock rallies. SNDK shares gained more than 6% during Tuesday’s session after closing Monday at $1,766.64. The new target implies roughly 36% upside from Monday’s closing price and comes after SanDisk stock has already risen more than 600% this year. T…
SanDisk Jumps 6% as Rosenblatt Starts Coverage at Buy With $2,400 Target; Micron Rises 3%, Seagate Ticks Up
The post SanDisk Jumps 6% as Rosenblatt Starts Coverage at Buy With $2,400 Target; Micron Rises 3%, Seagate Ticks Up appeared first on 24/7 Wall St.. Rosenblatt Securities has initiated coverage of SanDisk (NASDAQ:SNDK) at Buy, and the note is powering a clean divergence between memory names and…
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