Rosenblatt Securities initiated coverage of SanDisk with a Buy rating and a price target of $2,400. Analyst Kevin Cassidy expects a 35–37% upside, noting that the stock traded between $1,750 and $1,766 at the time of the report on September 21, 2026.
The company recently joined the S&P 100 index, which is expected to drive demand from passive funds. SanDisk has reported a year-to-date stock performance exceeding 574% in 2026 and projects annual revenue growth of 15–20% for the period between 2028 and 2030.
The firm attributes its outlook to a 25-year partnership with Japanese manufacturer Kioxia. This collaboration provides SanDisk with access to advanced process nodes and 3D NAND fabrication technology, which are essential for high-performance AI infrastructure.
SanDisk has secured multi-year supply contracts to mitigate the historical volatility of the NAND flash memory market. The company's ability to maintain its growth trajectory through 2030 remains a key factor for its long-term valuation.
