Sandisk, US80004C2008

Rosenblatt sets USD 2,400 target for Sandisk stock

Published on 10/01/2026 at 10:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal Q4 revenue rose 372 percent to USD 8.97 billion. Sandisk stock costs EUR 1,555.00 on October 1, 2026 after EUR 1,535.00.

Sandisk, US80004C2008, Illustration mit AI erstellt.

Sandisk stock (ISIN US80004C2008) was trading at EUR 1,555.00 at Lang & Schwarz on October 1, 2026 at 10:38 a.m. CEST, while Rosenblatt analyst Kevin Cassidy set a USD 2,400 price target and Buy rating on September 22, 2026, according to Yahoo Finance. The call puts the memory maker's AI-storage strategy against a stock that has already repriced sharply in 2026.

Rosenblatt points to AI storage

According to Yahoo Finance on September 22, 2026, Cassidy argued that AI compute platforms could move NAND flash from a commodity product toward a more important part of infrastructure. His USD 2,400 target was based on 10 times his fiscal 2028 earnings estimate, while the note also identified the risk that NAND pricing could return to a cyclical pattern.

The analyst's thesis is tied to Sandisk's product roadmap and customer agreements. Yahoo Finance reported that the agreements with eight large NAND customers could cover 65 percent of fiscal 2028 production, giving the company more visibility into demand and pricing.

Fiscal results reset the baseline

Sandisk's fiscal fourth quarter ended July 3, 2026. Gate News reported revenue of USD 8.97 billion, up 372 percent from the year-earlier period and 51 percent sequentially. GAAP net income reached USD 6.90 billion, or USD 43.97 per diluted share, while datacenter revenue rose 103 percent sequentially to USD 2.98 billion.

Management guided fiscal first-quarter 2027 revenue to USD 10.30 billion to USD 10.80 billion and non-GAAP diluted earnings per share to USD 44.00 to USD 46.00, according to Gate News. That revenue range would establish a higher quarterly base than the fiscal fourth-quarter result, but the stock's valuation remains sensitive to memory pricing.

Stock trades below its yearly high

Sandisk stock was trading at EUR 1,555.00 at Lang & Schwarz on October 1, 2026 at 10:38 a.m. CEST, up 1.30 percent versus the prior close of EUR 1,535.00 on September 30, 2026. The primary listing is Nasdaq under ticker SNDK, and the 52-week range in U.S. dollars was USD 112.00 to USD 2,354.39 as of September 30, 2026.

Market capitalization stood at USD 257.7 billion as of September 30, 2026. The company identifies its business as semiconductor memory, with products spanning NAND flash, solid-state drives and embedded storage solutions.

The further course of trading is shown by the continuously updated real-time quote of Sandisk stock.