Sandisk, US80004C2008

Sandisk stock gets Evercore backing after sharp selloff

Published on 11/12/2026 at 14:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sandisk stock retains Evercore support after a sharp selloff. The analyst sees supply discipline, long-term contracts and AI demand supporting NAND profitability.

Evercore sees a stronger NAND model

Evercore ISI maintained an Outperform rating and a 2,500 US dollar price target after meetings with Sandisk management.
The analyst expects supply discipline and long-term customer agreements to make NAND earnings more durable.
AI data-center demand remains a central growth driver for the storage maker.

Sandisk, US80004C2008, Illustration mit AI erstellt.

Evercore ISI has reaffirmed its Outperform rating on Sandisk and set a 2,500 US dollar price target after meetings with Chief Executive David Goeckeler and investor-relations chief Ivan Donaldson. The assessment, reported by Yahoo Finance on Thursday, November 12, adds an analyst-led counterpoint to the recent pressure on the memory sector.

Evercore said investors may be focusing too heavily on how long NAND prices can remain elevated while underestimating structural changes in Sandisk's business. The firm pointed to a supply market in which producers increasingly adjust output to demand instead of maximizing volume.

Supply discipline changes the cycle

According to the report, NAND price increases have lasted about six quarters, compared with about two quarters in previous cycles. Evercore also highlighted gross margins above 80% as a factor that reduces the incentive for suppliers to chase market share through aggressive capacity expansion.

Multi-year supply agreements are another part of the thesis. The contracts include committed demand, price floors and ceilings, and financial guarantees, which Evercore said could cushion Sandisk during a future downturn. For investors, the argument is that the company may have greater earnings visibility than in earlier memory cycles, although the shares remain exposed to pricing and demand changes.

AI demand remains the catalyst

Evercore said data-center demand remains robust, with customers seeking additional supply for artificial-intelligence systems being deployed now. The firm also sees a shift toward more durable and specialized memory as a potential constraint on industry supply. Its conclusion is that supply discipline, new memory products and AI-related demand could support more durable profitability.

Sandisk stock traded at 827.50 euros on Lang & Schwarz at 14:32 CET on Thursday, November 12, 2026.