SanDisk is trading 7.12% up at $11.58 after Rosenblatt initiated coverage on September 22, 2026, with a Buy rating and a $2,400 price target.
- Rosenblatt said expanding AI workloads are increasing the importance of high-density NAND, supporting bullish sentiment toward SanDisk and memory-chip peers.
- Broader U.S. markets were lower, while persistent AI-related NAND demand and tightening memory supply reinforced the positive reaction.
- Multiple reports, including CNBC and WSJ coverage, confirmed the initiation and target.