Fintel reports that on September 22, 2026, Rosenblatt initiated coverage of Sandisk (NASDAQGS:SNDK) (DB:BW9) with a Buy recommendation.
Prior to this rating action, the stock closed at $1,766.64 on September 21, 2026. This latest close represents a price change of +13.83% over one week, relative to a baseline close of $1,551.99 on September 14, 2026. Over a one-month period, the stock experienced a price change of +10.69% from its baseline close of $1,596.08 on August 21, 2026.
Separately, as of September 15, 2026, the current consensus target mean for Sandisk stands at $2,166.67, with a median target of $2,193.00. This mean target implies a change of +22.64% from the stock's prior levels. The prior consensus target mean was $2,073.94 as of August 28, 2026, representing a consensus target revision of +4.47%.
Sandisk last reported earnings on August 5, 2026. The company posted an actual EPS of 39.25, exceeding the estimated EPS of 35.1395, which represents an EPS surprise of +11.70%. Actual revenue for the quarter reached $8,965,000,000.00, compared to the estimated revenue of $8,561,788,200.00.
In terms of broader analyst sentiment, the current recommendation period as of September 1, 2026, shows a total of 33 recommendations, consisting of 11 strong buy, 17 buy, 5 hold, 0 sell, and 0 strong sell ratings. This represents a positive recommendation percentage of 84.8%, a hold percentage of 15.2%, and a negative percentage of 0.0%. In the prior period as of August 1, 2026, there were 31 total recommendations, including 9 strong buy, 17 buy, 5 hold, 0 sell, and 0 strong sell ratings, yielding a positive percentage of 83.9% and a hold percentage of 16.1%. Prior to Rosenblatt's initiation, Mizuho maintained an Outperform rating on August 25, 2026, keeping its previous Outperform rating.
Recent analyst actions
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This story originally appeared on Fintel.