Despite SanDisk Corporation (NASDAQ: SNDK) stock price battling to break a resistance level around $1,766 since July 1, 2026, Kevin Cassidy, a Wall Street analyst at Rosenblatt Securities, expects a rally towards a new all-time high (ATH) over the next 12 months.
Cassidy initiated a ‘Buy’ rating for SanDisk stock on September 22. He set the firm’s 12-month price target for SNDK at $2,400.
As SanDisk stock price hovered around $1,754.65 during Tuesday’s pre-market, Rosenblatt signals a potential 36.78% upside over the next 12 months.
This bullish thesis is based on the structural transformation of NAND Flash, a non-volatile memory used for data storage even when power is off, from a historical commodity storage medium into an indispensable, system-critical component of artificial intelligence (AI) infrastructure.
This analyst noted that SanDisk is exceptionally positioned to capitalize on this shift through its long-standing technology and manufacturing partnership with Kioxia Holdings Corporation (TYO: 285A), leveraging advanced BiCS8 and BiCS10 process nodes.
The firm also noted that SanDisk stock benefits from the company’s extraordinary financial model backed by long-term customer commitments, which insulate it from legacy cyclical volatility.
“The analyst expects AI demand, technology advantages, and customer agreements to support strong growth and margins,” Rosenblatt highlighted.
Is SanDisk a good stock to buy?
At the time of writing, 17 Wall Street analysts surveyed by TipRanks over the past three months have set an average rating for SanDisk stock of ‘Strong Buy’. Additionally, these analysts have set a mean 12-month target at $2,195.29.
The highest SanDisk stock forecast from these analysts is $3,000 from Mark Newman at Bernstein. On the other hand, the lowest SNDK price prediction is $1,550 from Aaron Rakers at Wells Fargo & Co. (NYSE: WFC).
SNDK price performance
Over the past 12 months, SNDK price has surged by over 1,598%, from around $103.28 on September 22, 2025.
At the time of reporting, SanDisk had a market capitalization of roughly $258.67 billion.
Consequently, Wall Street analysts believe another rally could happen over the next 12 months, driven by strong demand for AI infrastructure.
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