"Citi lifted its price target to $500 from $405, maintaining a Buy rating, citing a beat-and-raise quarter and improving visibility into AI-driven hard disk drive (HDD) demand."
"Barclays analyst Tom O'Malley lifted his target to $450 from $405 while keeping an Overweight rating, pointing to 'predictable' price increases and improved margins."
"UBS raised its target to $375 from $350 but stayed Neutral, acknowledging tight HDD supply and rising pricing power while flagging skepticism around the sustainability of elevated margins."
Citi increased its price target for Western Digital to $500, maintaining a Buy rating due to strong quarterly performance and AI-driven HDD demand. Barclays raised its target to $450, citing predictable price increases and improved margins. UBS raised its target to $375 but remained Neutral, expressing concerns about margin sustainability. Western Digital is now focused solely on HDDs after separating its Flash business, with significant revenue growth driven by AI workloads from major customers.
Read at 24/7 Wall St.
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