Evercore starts SanDisk at Outperform, sees $2,600 ‘bull case’

As previously reported, Evercore ISI initiated coverage of SanDisk (SNDK) with an Outperform rating and $1,200 price target adding that the firm sees a “bull case” of $2,600 per share. SanDisk is “levered to one of the most attractive areas of the AI infrastructure stack,” namely data storage, where demand is accelerating and supply remains constrained “at minimum” through calendar 2028, if not beyond, the analyst tells investors.

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