Western Digital is a leading provider of data storage solutions, specializing in hard drives, solid-state drives, and cloud storage services. The company designs, manufactures, and sells a variety of storage devices for personal and enterprise use, catering to the needs of consumers, businesses, and data centers around the globe. With a focus on innovation, Western Digital continually develops advanced technologies to enhance data management and security, enabling users to store and access their information efficiently and reliably. The company plays a vital role in the digital economy, powering everything from personal computing and gaming to large-scale enterprise applications. Read More
Shares of leading data storage manufacturer Western Digital (NASDAQ: WDC)
jumped 3.7% in the morning session after an analyst at Cantor Fitzgerald increased their price target on the stock.
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Shares of leading data storage manufacturer Western Digital (NASDAQ: WDC)
jumped 9.3% in the afternoon session after analysts grew more optimistic about the company's prospects ahead of its upcoming earnings report, with Bank of America significantly raising its price target on the stock. The firm maintained its "Buy" rating but increased its price target to $257 from $197, a jump of over 30%. Analysts cited several reasons for the positive outlook, including a stable pricing environment where demand was expected to outpace supply. They also pointed to strong spending from large-scale data centers and rising prices for hard-disk drives. This confidence led Bank of America to forecast higher earnings per share for the company in the coming years. Adding to the positive sentiment, Rosenblatt Securities also raised its price target to $270 while keeping a "Buy" rating, suggesting a broader belief that the company's revenue and margins would improve.
As of January 21, 2026, the global financial markets are witnessing a historic transformation in the semiconductor industry. What was once a notoriously cyclical and volatile sector has evolved into a high-margin, strategic pillar of the global artificial intelligence (AI) economy. Leading the charge is Micron Technology (NASDAQ: MU), which
Western Digital Corporation (Nasdaq: WDC) today announced that it will hold its Innovation Day event on February 3 in New York. At the event, the company will highlight key innovations designed to support the growing demand for data storage by our customers in the AI-driven data economy.
