# SanDisk Jumps 6% as Rosenblatt Starts Coverage

> Rosenblatt Securities initiates SanDisk at Buy with $2,400 target, sparking 6% jump.
- Title: SanDisk Jumps 6% as Rosenblatt Starts Coverage · 24/7 Wall St.
- Summary: Rosenblatt Securities initiates SanDisk at Buy with $2,400 target, sparking 6% jump. Rosenblatt Securities started coverage of SanDisk at Buy with $2,400…
- Keywords: san disk, rosenblatt securities, nand flash, ai infrastructure, memory sector, micron technology, seagate technology, western digital, SanDisk, Jumps, Rosenblatt, Starts
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/09/22/sandisk-jumps-6-as-rosenblatt-starts-coverage-at-buy-with-2400-target-micron-rises-3-seagate-ticks-up
- Author: David Moadel
- Published: 2026-09-22T16:04:48+00:00
- Read time: 1 min
- Topics: san disk, rosenblatt securities, nand flash, ai infrastructure, memory sector, micron technology, seagate technology, western digital
## Rosenblatt Initiates SanDisk
Rosenblatt Securities has initiated coverage of SanDisk at Buy with a $2,400 price target.
## SanDisk Surges 6%
SanDisk stock rose 6% to $1,875, extending a year-to-date gain of 677%.
## Memory Sector Reacts
The Roundhill Memory ETF rose 2% while the SPDR S&P 500 ETF Trust remained flat.
## Micron and Seagate Rise
Micron Technology rose 3% and Seagate Technology rose 1% in Tuesday morning trading.
## Rosenblatt's AI Argument
Kevin Cassidy argued AI compute platforms reposition NAND flash from commodity storage to system-critical AI infrastructure.
## BiCS8 and BiCS10 Platforms
SanDisk's BiCS8 and BiCS10 platforms achieve higher storage density with fewer layers than rivals.
## Customer Agreements
SanDisk has agreements with eight largest NAND customers covering 65% of fiscal 2028 production.
## Rosenblatt's Risks
Rosenblatt warned execution risk and potential commodity pricing could dampen the NAND cycle.
## What to Watch Next
Investors should monitor if SanDisk's customer agreements convert to contracted demand and peer reactions.
## Key takeaway

Rosenblatt Securities started coverage of SanDisk at Buy with $2,400 target, driving a 6% stock surge.