SanDisk has surged 2,879% over the past year and now trades at $1,212.21 after a 30% pullback from its June peak. 24/7 Wall St. issued a high-conviction buy rating with a $1,882.90 price target, implying 55.33% upside. The bullish case rests on a datacenter revenue explosion from $269 million to nearly $3 billion in a single fiscal year, which CEO David Goeckeler called a fundamental inflection point. SanDisk's 84.6% gross margin far outpaces Western Digital's 54.4%, and its $177 billion market cap is roughly one-fifth of Micron's $991 billion. Fiscal Q1 2027 guidance projects revenue of $10.30 billion to $10.80 billion and EPS of $44 to $46, while the board authorized an additional $14 billion buyback on a debt-free balance sheet.
