TipRanks(@TipRanks):Rosenblatt initiated coverage of SanDisk $SNDK with a Buy rating and $2,400 price target. New AI compute platforms are creating an opportunity to reposition NAND Flash from a commodity storage medium to a more system-critical component of AI infrastructure, and Sandisk's technology roadmap supports this opportunity, the analyst tells investors in a research note. With technology and manufacturing partner, Kioxia, the company has advanced NAND process technology for roughly 25 years, which can support a favorable bit-cost curve and sustain a performance-and-cost advantage in AI-oriented enterprise storage, the firm added.

2026.09.21 22:05

Rosenblatt initiated coverage of SanDisk $SNDK with a Buy rating and $2,400 price target. New AI compute platforms are creating an opportunity to reposition NAND Flash from a commodity storage medium to a more system-critical component of AI infrastructure, and Sandisk's technology roadmap supports this opportunity, the analyst tells investors in a research note. With technology and manufacturing partner, Kioxia, the company has advanced NAND process technology for roughly 25 years, which can support a favorable bit-cost curve and sustain a performance-and-cost advantage in AI-oriented enterprise storage, the firm added.