Jefferies Raises SanDisk Target to $1,000

Jefferies increased SanDisk’s price target from $700 to $1,000, maintaining a Buy rating, citing AI‑driven NAND demand and long‑term agreements.
SanDisk’s shares have risen 2,640% year‑to‑date, trading at $851.77, just below the 52‑week high of $855.
The new target assumes a 10x multiple on projected 2028 EPS of $95.26, implying strong future earnings growth.
SanDisk announced a $1 billion private‑placement investment in Nanya, acquiring 139 million shares (~3.9% stake).