Sandisk Shares Jump as Rosenblatt Starts Coverage With a $2,400 AI-Memory Call

Sandisk shares rose about 7% on Tuesday after Rosenblatt Securities initiated coverage with a Buy rating and a $2,400 price target, adding another bullish Wall Street call to the AI-memory trade. The move put the flash-memory company back in focus as investors continue to bet that AI inference and data-center storage demand can keep NAND supply tight and margins elevated.