Western Digital price target raised to $90 from $53 at Rosenblatt

Investing.com - Rosenblatt raised its price target on Western Digital Corp. (NASDAQ:WDC) to $90 from $53 while maintaining a Buy rating on the stock. The company, currently trading at $71.43 with a market cap of ~$25 billion, has seen its stock surge over 45% in the past six months. According to InvestingPro data, analyst targets for WDC range from $40 to $100, with a strong consensus recommendation of 1.68 (Buy).

The firm cited accelerating demand for high-capacity drives as a key factor behind the significant price target increase announced Thursday.

Rosenblatt noted that Western Digital’s build-to-order strategy has resulted in 12-month visibility for the data storage company, providing greater operational predictability.

The research firm highlighted that hard disk drive (HDD) shipments are increasingly shifting toward higher density products, which is driving up average selling prices per drive and allowing for further gross margin expansion.

Despite expressing some longer-term concerns about Western Digital’s HAMR-technology lagging behind competitors, Rosenblatt emphasized there are "clearly near-term benefits to shipping more traditional high-density HDDs," leading to the revised estimates and substantially higher price target.

In other recent news, Western Digital Corporation reported strong financial results for the fourth quarter of 2025, surpassing analyst predictions. The company achieved an earnings per share (EPS) of $1.66, exceeding the forecasted $1.47. Revenue also outperformed expectations, reaching $2.61 billion against an anticipated $2.46 billion. Despite these positive results, the company’s stock experienced a decline in aftermarket trading. There were no reports of mergers or acquisitions involving Western Digital in the recent period. Analysts from various firms have not indicated any upgrades or downgrades for the company’s stock at this time. These developments reflect the latest updates concerning Western Digital Corporation’s financial performance and market position.

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