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Rosenblatt Initiates SanDisk Coverage With Buy Rating and $2,400 Target

Sep 22, 2026, 9:34 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

A formal Buy initiation with a lofty target often attracts buying interest and can reposition sentiment, especially for a name with a sizable gap between current price and the target; historical reactions to initiations vary, but such targets frequently precede short- to intermediate-term rallies.

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What happened, with direct paths to the underlying reporting

Rosenblatt analyst Kevin Cassidy initiated coverage on SanDisk (SNDK) with a Buy rating and a $2,400 price target, signaling strong upside if trends persist. SanDisk closed around $1,766.64 Monday, implying roughly 36% upside to the target. The note comes as other analysts also initiate coverage on peers in the same day.

Rosenblatt starts SanDisk coverage with Buy rating and $2,400 target.
SanDisk closed at $1,766.64; ~36% upside to target.
Other initiations include RSI, GE HealthCare, W.P. Carey, Nike.
Benzinga notes the analyst rating changes across top names.

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