Rosenblatt initiated coverage of Sandisk with a Buy rating and a $2,400 price target, implying roughly 37% upside from shares trading near $1,755. Analyst Kevin Cassidy argues that AI computing is shifting NAND flash from commodity storage toward critical infrastructure for data-intensive inference. Sandisk’s BiCS8 and BiCS10 platforms, developed with manufacturing partner Kioxia, could support cost and performance advantages in AI-oriented enterprise storage. Cassidy also cited agreements with eight major NAND customers that could cover about 65% of fiscal 2028 production, improving demand visibility in a historically cyclical market. Sandisk’s fiscal 2028-to-2030 framework calls for mid-to-high-teens revenue growth, about 80% non-GAAP gross margin and a 50% adjusted free-cash-flow margin; Cassidy estimated fiscal 2030 non-GAAP earnings of roughly $300 a share.