Sandisk, US80004C2008

Sandisk stock gains 6.82 percent as Rosenblatt sets a $2,400 target

Published on 09/23/2026 at 13:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sandisk stock closed at $1,887.04 on September 22, 2026, after a 6.82 percent gain. Fiscal 2026 revenue rose 175 percent to $20.3 billion.

Sandisk, US80004C2008, Illustration mit AI erstellt.

Sandisk stock (ISIN US80004C2008) closed at USD 1,887.04 on September 22, 2026, after gaining 6.82 percent on Nasdaq. The move followed Rosenblatt Securities' initiation of coverage with a Buy rating and a USD 2,400 price target, according to Invezz on September 22, 2026.

Rosenblatt targets USD 2,400

The target implies further upside from the September 22 close, while the report linked the investment case to artificial-intelligence infrastructure and rising demand for data-center storage. The same report said Sandisk's data-center revenue increased from USD 960 million in fiscal 2025 to USD 5.2 billion in fiscal 2026, a 437 percent year-over-year increase.

Finbold reported on September 22, 2026, that 17 analysts tracked by TipRanks had a Strong Buy average rating and a mean 12-month target of USD 2,195.29. The range extended from USD 1,550 to USD 3,000, showing that expectations remain wide despite the bullish consensus.

Fiscal 2026 delivered a sharp reset

Sandisk reported fiscal 2026 revenue of USD 20.3 billion, up 175 percent from the prior year, according to Invezz. In the fiscal fourth quarter ended July 3, 2026, revenue reached USD 9.0 billion, up 372 percent year over year and 51 percent sequentially.

Profitability also changed materially. Fiscal 2026 gross margin reached 71.5 percent, compared with 30.1 percent in fiscal 2025, while diluted GAAP earnings per share in the fourth quarter was USD 43.97 versus a loss of USD 0.16 a year earlier, as reported on September 22, 2026.

Valuation depends on storage demand

The market data show both momentum and risk. Sandisk traded within a September 23, 2026 range of USD 1,756.82 to USD 1,909.48, while the 52-week range stood at USD 93.53 to USD 2,354.39; market capitalization was USD 276 billion and reported volume was 64,300 shares.

That wide trading range matters because the bullish thesis depends on sustained demand rather than a single quarter. Rosenblatt's framework cited in the September 22 report assumes mid-to-high-teens revenue growth from fiscal 2028 through fiscal 2030, approximately 80 percent non-GAAP gross margins and approximately 75 percent non-GAAP operating margins.

Sandisk stock remains below its high

Sandisk stock closed at USD 1,887.04 on Nasdaq on September 22, 2026. That level was USD 467.35 below the reported 52-week high of USD 2,354.39, while the fiscal 2026 revenue comparison and the 437 percent data-center increase explain why analysts are assigning substantially higher future targets.