Western Digital’s Price Target Boost: Investment Opportunity?
Western Digital Corporation’s stocks have been trading up by 14.95 percent amid positive market sentiment toward data storage advancements.
Latest Developments
- Morgan Stanley significantly increased Western Digital’s price target to $171 from $99, pushing shares up 8%, fueled by rising demand for AI and cloud technologies.
- Mizuho adjusted their price target for Western Digital from $120 to $160, driven by stronger AI demand and a notable increase in NAND pricing.
- Western Digital’s strategic investment in Japan, totaling $1 billion through 2030, aims to enhance HDD performance and expansion efforts, resulting in a 7.7% stock price rise.
- Evercore ISI and Loop Capital lifted their price targets to $190 and $150,…
