Price Targets Raised on Western Digital Following Strong AI Storage Demand
WDC•Analysts have lifted price targets on Western Digital after citing robust AI-driven storage demand, and consensus Q3 earnings estimates rose by analyst upgrades this week. Shares have started to trend higher in response, reflecting growing bullish momentum from estimate revisions.
1. AI Demand Spurs Price Target Raises
Several brokerage firms raised their Western Digital price targets this week, pointing to accelerating orders for high-capacity drives from AI data center customers. Analysts highlighted the company’s differentiated NAND and HDD technology as key to meeting surging storage needs.
2. Estimate Revisions Lift Sentiment
Consensus revenue and EPS forecasts for the current fiscal year were revised upward following the price target boosts, signaling stronger demand than previously anticipated. This string of analyst upgrades has coincided with a modest uptick in the stock as investor confidence builds.
