Rosenblatt Securities initiated coverage of Sandisk stock with a Buy rating and a $2,400 price target, the firm’s note said, and the shares jumped in response during Tuesday trading.
Rosenblatt analyst Kevin Cassidy set the $2,400 target and argued that AI workloads are turning NAND flash from commodity storage into “critical AI infrastructure,” a point picked up in coverage by Investing.com and 247wallst that cited the initiation. The Rosenblatt call was reported by Yahoo Finance, which said the note helped send SNDK higher.
The move followed wide reporting across market outlets: CNBC noted Rosenblatt’s initiation and that Sandisk has gained more than 600% so far in 2026, and 247wallst summarized Cassidy’s view that the company benefits from AI-driven demand for NAND. Multiple sites described an intraday rise of roughly 5–6% after the note hit news feeds.
Investors tracking sandisk stock will see Rosenblatt’s $2,400 target implies significant upside from recent levels; MarketBeat and Benzinga also flagged the buy initiation and cited Cassidy’s valuation work. Analysts cited in the coverage point to long-term secular demand for NAND from AI platforms as the key driver behind the bullish call.
How this matters: the initiation adds a new sell-side voice backing a premium valuation for Sandisk that some outlets say is built on reclassifying NAND as a higher-margin component of AI infrastructure. That view is the reason market headlines linked the Rosenblatt note to the stock’s jump on Tuesday.
Sources
- Yahoo Finance — reported Rosenblatt’s buy initiation and that the note coincided with a sharp intraday rise in SNDK.
- CNBC — noted Rosenblatt’s initiation and that Sandisk has gained more than 600% year-to-date.
- Investing.com — summarized Kevin Cassidy’s $2,400 price target and his rationale about AI-driven NAND demand.
- 247wallst — explained Cassidy’s thesis that AI workloads are repricing NAND flash into critical infrastructure.
