SanDisk initiated with a Buy at Rosenblatt
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Rosenblatt initiated coverage of SanDisk ( SNDK ) with a Buy rating and $2,400 price target New AI compute platforms are creating an opportunity to reposition NAND Flash from a commodity storage medium to a more system-critical component of AI infrastructure, and Sandisk's technology roadmap supports this opportunity, the analyst tells investors in a research note. With technology and manufacturing partner, Kioxia, the company has advanced NAND process technology for roughly 25 years, which can support a favorable bit-cost curve and sustain a performance-and-cost advantage in AI-oriented enterprise storage, the firm added. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on SNDK: Disclaimer & Disclosure Report an Issue
