Wall St Engine(@wallstengine):ROSENBLATT INITIATES $SNDK AT BUY, $2,400 PT Analyst Kevin Cassidy says AI is shifting NAND from a commodity storage product into a more system-critical part of AI infrastructure, as performance, endurance and supply certainty become more important. Rosenblatt also highlights SanDisk’s new agreements with 8 of the world’s largest NAND customers, which it estimates could cover ~65% of FY28 production. Based on management’s long-term framework, Cassidy estimates FY30 non-GAAP EPS could reach ~$300/share.

2026.09.22 11:10

ROSENBLATT INITIATES $SNDK AT BUY, $2,400 PT Analyst Kevin Cassidy says AI is shifting NAND from a commodity storage product into a more system-critical part of AI infrastructure, as performance, endurance and supply certainty become more important. Rosenblatt also highlights SanDisk’s new agreements with 8 of the world’s largest NAND customers, which it estimates could cover ~65% of FY28 production. Based on management’s long-term framework, Cassidy estimates FY30 non-GAAP EPS could reach ~$300/share.