Rosenblatt Keeps Buy on Sandisk, $2,400 Price Target
- Rating
- Buy
- Unchanged
- Target
- $2,400
- Upside
- +139%
- SNDK at $1,002 today
3rd-highest of 8 current targets on sandisk, 10% above the $2,175 median. Rosenblatt has reached 60% of its year-old targets (20 scored).
What the analyst said
Rosenblatt analyst Kevin Cassidy reiterated a Buy rating and $2,400 price target on SanDisk (NASDAQ: SNDK).
“Sandisk beat estimates with revenue up 23% sequentially. December outlook is for 12% growth. In our view, management’s New Business Model (NBM) strategy is playing out better than expected. The agreements represent ~50% of bits production in FY27 and ~66% of FY28 bits.
Management is very gradually and prudently adding new NBMs. The company continues to expand bit production through technology transitions, which we view as positive. In the quarter FCF generated was $5.7B. $5B returned to investors through share repurchases. Maintain our Buy recommendation.”
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Where the price stands
SNDK trades at $1,002.
Since the note SNDK has moved −25% (from $1,330). 12-month window: day 12 of 365, closes on October 30, 2027.