Rosenblatt analyst Kevin Cassidy initiated coverage of Sandisk with a Buy rating and a $2,400 price target, citing the transformation of NAND flash from a commodity to critical AI infrastructure. Sandisk's fiscal 2026 saw a 698.69% stock rally, driven by strong data center revenue growth and strategic partnerships. Cassidy highlights Sandisk's advanced BiCS8 and BiCS10 platforms and long-term contracts covering 65% of 2028 production, supporting sustained growth. The company’s strong financials, including a $14 billion buyback and net cash position, make it a compelling AI infrastructure play amid growing NAND industry demand.
Following the analyst's bullish outlook on Sandisk as a key player in AI infrastructure, the stock is currently trading at USD 1,867.50 on Pluang as of Sep 22, 2026, 22:51 WIB. It has gained 5.71% in the past day, showing strong momentum, with a market cap of $258.67B. The 52-week high stands at $2.34K, indicating room for growth according to the platform's data.
Rosenblatt Securities initiated coverage of SanDisk with a Buy rating and a $2,400 price target, causing SanDisk shares to surge 6% and lifting the broader memory sector. The analyst highlighted SanDisk's advanced NAND flash memory technology as crit...
Sandisk Corporation is rated a Strong Buy due to robust demand for AI-driven NAND memory and a resilient business model. The company benefits from strong inference-related and non-volatile memory demand, scalable technology transitions, low capital e...
SanDisk stock, currently near $1,755, is expected to rise up to 37% over the next year, reaching a target of $2,400 according to Rosenblatt Securities analyst Kevin Cassidy. This optimism is driven by SanDisk's key role in the evolving NAND Flash mar...
SanDisk CEO David Goeckeler sold over 67,000 shares in September, raising more than $104 million from insider sales. Despite this significant insider selling, Wall Street analysts remain bullish on SanDisk stock, rating it a 'Strong Buy' with an aver...
SanDisk shares fell 2% while the broader memory sector, including peers Micron and Western Digital, saw gains of 3% and 0.8% respectively. This divergence occurred without any company-specific news, suggesting profit-taking or position trimming after...
