Sandisk stock has risen about 2,740% over the past year, making it one of the market’s top performers.
Evercore ISI initiated coverage with an Outperform rating, $1,200 price target (26% upside) and a bullish 12‑month EPS forecast of $99.49.
Analysts cite AI‑driven NAND demand, strategic cloud contracts, and a joint venture with Kioxia giving 40% production capacity as growth catalysts.
They expect data‑center revenue share to rise above 20% by FY2027, EPS to exceed $130, and note valuation at ~8× forward earnings.