Western Digital Targets Raised to $420 and $250, EPS Outlook Up 22%
Cantor Fitzgerald raised Western Digital’s target from $325 to $420, forecasting $19–$32 EPS for 2028 after Innovation Day updates. Goldman Sachs boosted its target from $220 to $250, confirmed HAMR rollout on track for H1 2027 with a customer in qualification and lifted 2026–28 EPS estimates by 22%.
1. Price Target Increases
Analysts at Cantor Fitzgerald raised Western Digital’s price target from $325 to $420 with an Overweight rating, while Goldman Sachs raised its target from $220 to $250, reflecting stronger growth expectations following the company’s Innovation Day.
2. EPS Forecasts and Estimate Revisions
Cantor Fitzgerald’s model now projects EPS of $19–$32 for 2028, and Goldman Sachs increased non-GAAP EPS estimates for 2026–28 by an average of 22%, driven by updated financial assumptions and improved profitability outlook.
3. HAMR Rollout and Qualification Progress
The company’s HAMR product rollout remains on track for the first half of 2027, and an additional customer has entered the qualification stage for HAMR drives, underscoring confidence in high-capacity storage demand and margin expansion.