Domo signs strategic collaboration agreement with AWS for AI solutions
Western Digital Corporation (NASDAQ:WDC)’s stock has reached a new 52-week high, hitting $74.19, with InvestingPro data showing the stock is currently trading near overbought territory. The company’s market capitalization now stands at approximately $25 billion. This milestone reflects a significant upward trend for the company, which has delivered impressive returns with a 45% gain over the past six months and a 59% rise year-to-date. The increase in share price highlights investor confidence and positive market sentiment surrounding the company’s performance and future prospects, supported by a healthy P/E ratio of 23 and projected earnings growth. Western Digital’s ability to reach this 52-week high indicates a robust recovery and growth trajectory, positioning the company favorably in the competitive data storage industry. For deeper insights into WDC’s valuation and growth prospects, including 12 additional ProTips and comprehensive financial analysis, visit InvestingPro.
In other recent news, Western Digital Corporation reported strong financial results for Q4 2025, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $1.66, outperforming the forecast of $1.47. Additionally, revenue reached $2.61 billion, exceeding the anticipated $2.46 billion. In another development, Rosenblatt raised its price target for Western Digital to $90 from $53, maintaining a Buy rating on the stock. This adjustment was attributed to the growing demand for high-capacity drives. These developments highlight the company’s recent performance and market positioning.
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