Rosenblatt Securities initiated coverage on SanDisk (SNDK) with a Buy rating. Analyst Kevin Cassidy established a $2,400 price target, representing a potential 36% upside from the previous close.
Cassidy argues that artificial intelligence is transforming NAND flash memory from a commodity into critical infrastructure. Data-intensive AI workloads now prioritize performance, density, and reliability over low costs.
SanDisk is positioned to capitalize on this transition through its technology roadmap. The company also leverages a long-standing manufacturing partnership with Kioxia to support this growth.