Rosenblatt bullish on SanDisk amid AI-driven demand
5 Investments Rosenblatt rates SanDisk a Buy with a $2,400 target, citing AI-driven NAND demand. New contracts and S&P 100 inclusion support a 35–36% potential upside.
Rosenblatt Securities has initiated coverage of SanDisk (NASDAQ:SNDK) with a Buy rating and a $2,400 price target, suggesting a potential 35–36% upside from its recent price of $1,766. This bullish outlook is driven by the transformation of NAND flash memory from a basic storage commodity to a critical component in AI infrastructure, as artificial intelligence demands higher density, performance, and reliable supply chains. SanDisk’s partnership with Kioxia and new multi-year supply agreements position it to benefit from the AI-driven shift in data center requirements. The company has also secured contracts with major NAND customers, which could represent 65% of its 2028 output. Its recent addition to the S&P 100 and strong year-to-date performance highlight its growing market presence. However, risks remain if NAND pricing or AI data center demand weakens. Analyst consensus is Strong Buy, with an average target of $2,195.29.
