Global Finance News
22 Sep 2026, 18:00
SanDisk Stock Jumps 7.2% as Rosenblatt Initiates Coverage With Buy Rating
SanDisk shares rose 7.2% to $1,893.15 after Rosenblatt Securities initiated coverage on the stock with a Buy rating and a $2,400 price target.
The target implies roughly 27% upside from the latest share price, pointing to a constructive view on SanDisk’s medium-term earnings potential.
Reasons behind the strong move include improving sentiment toward memory and storage stocks, expectations for firmer NAND flash pricing, and growing demand for high-capacity storage tied to AI infrastructure, cloud data centers and enterprise workloads.
SanDisk also benefits from exposure to consumer electronics, PCs and data-center storage, giving it leverage to both cyclical recovery in memory markets and longer-term growth in data generation.
The 7.2% gain suggests Rosenblatt’s bullish initiation added to already positive momentum around memory and storage names.
SanDisk shares rose 7.2% to $1,893.15 after Rosenblatt Securities initiated coverage on the stock with a Buy rating and a $2,400 price target.
The target implies roughly 27% upside from the latest share price, pointing to a constructive view on SanDisk’s medium-term earnings potential.
Reasons behind the strong move include improving sentiment toward memory and storage stocks, expectations for firmer NAND flash pricing, and growing demand for high-capacity storage tied to AI infrastructure, cloud data centers and enterprise workloads.
SanDisk also benefits from exposure to consumer electronics, PCs and data-center storage, giving it leverage to both cyclical recovery in memory markets and longer-term growth in data generation.
The 7.2% gain suggests Rosenblatt’s bullish initiation added to already positive momentum around memory and storage names.
