$SNDK Jumps 7% as Rosenblatt Starts Coverage at Buy, $2,400 Price Target

SanDisk ($SNDK) rose 7% after Rosenblatt initiated coverage with a Buy rating and a $2,400 price target, calling it "not your father's SanDisk."
The firm said AI is turning NAND from commodity storage into a system-critical part of AI infrastructure, and noted that SanDisk also just joined the S&P 100.