Sandisk Corp $SNDK | This is Not Your Father's Sandisk; Initiating coverage with a Buy rating and $2,400 PT ~ Rosenblatt Management’s FY28–FY30 framework calls for mid-to-high-teens revenue growth, approximately 80% Non-GAAP gross margin, 75% Non-GAAP operating margin, and 50% adjusted free-cash-flow margin. Management attributes its confidence in this four-year outlook partly to New Business Model agreements with eight of the world’s largest NAND customers, which we estimate may cover approximately 65% of FY28 production. These agreements could increase demand visibility and reduce historical NAND-cycle volatility. Based on the framework, we conservatively estimate FY30 Non-GAAP EPS of approximately $300 per share.
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Replying to @markflowchatter
Who was stopping them till now from initiating. Rosenblatt is known for coming late and try to pump so their friends can get out. So $sndk is going to go down soon, check price after a month.

Sep 21, 2026 · 10:57 PM UTC

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Replying to @CTInv50
Thanks for the education FYI they got me long size in AAOI at $9 Good lucky you
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In May 2026 they gave $220 for $aaoi, where is it now? If they would have initiated $sndk at $100 when it just got doubled that would have been different scenario. Why they didn't so far, $sndk is very well known name. Will wait for better entry so can have lower risk.
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