Western Digital (NASDAQ:WDC) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Western Digital (NASDAQ:WDC) had its target price boosted by Wells Fargo & Company to $335.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the data storage provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 33.88% from the stock’s current price.

Several other brokerages also recently weighed in on WDC. The Goldman Sachs Group raised their target price on Western Digital from $165.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday. Cantor Fitzgerald lifted their price target on Western Digital to $325.00 and gave the stock an “overweight” rating in a research note on Friday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Western Digital in a report on Monday, December 29th. Evercore ISI reissued an “outperform” rating and set a $230.00 target price on shares of Western Digital in a report on Friday, January 16th. Finally, Loop Capital raised their price target on shares of Western Digital to $250.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $244.95.

Western Digital Stock Down 10.1%

Shares of NASDAQ WDC opened at $250.23 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.42. Western Digital has a 12-month low of $28.83 and a 12-month high of $285.42. The company has a market cap of $85.55 billion, a P/E ratio of 25.10, a P/E/G ratio of 1.33 and a beta of 1.78. The stock has a fifty day moving average price of $193.60 and a 200 day moving average price of $137.10.

Western Digital (NASDAQ:WDC) last announced its earnings results on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.93 by $0.20. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.93 billion. Western Digital had a return on equity of 44.67% and a net margin of 35.52%.The company’s revenue was up 25.2% on a year-over-year basis. During the same period last year, the business posted $1.77 EPS. Research analysts anticipate that Western Digital will post 4.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other Western Digital news, Director Roxanne Oulman sold 1,800 shares of Western Digital stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $154.42, for a total transaction of $277,956.00. Following the sale, the director owned 3,863 shares of the company’s stock, valued at $596,524.46. The trade was a 31.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Irving Tan sold 20,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $150.69, for a total value of $3,013,800.00. Following the transaction, the chief executive officer owned 645,467 shares of the company’s stock, valued at $97,265,422.23. This trade represents a 3.01% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 26,816 shares of company stock worth $4,116,148. 0.18% of the stock is currently owned by corporate insiders.

Institutional Trading of Western Digital

A number of institutional investors have recently made changes to their positions in WDC. ORG Partners LLC increased its stake in shares of Western Digital by 124.5% during the third quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock valued at $25,000 after acquiring an additional 117 shares during the period. Private Wealth Management Group LLC boosted its stake in Western Digital by 102.5% during the 2nd quarter. Private Wealth Management Group LLC now owns 399 shares of the data storage provider’s stock valued at $26,000 after purchasing an additional 202 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of Western Digital by 4,070.0% during the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 407 shares during the period. NewSquare Capital LLC raised its stake in shares of Western Digital by 86.9% in the 2nd quarter. NewSquare Capital LLC now owns 441 shares of the data storage provider’s stock worth $28,000 after buying an additional 205 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in shares of Western Digital by 551.4% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock worth $29,000 after buying an additional 204 shares in the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Western Digital News Roundup

Here are the key news stories impacting Western Digital this week:

• Positive Sentiment: Q2 results beat and upbeat guidance — WDC reported $2.13 EPS vs. ~$1.93 consensus and revenue of $3.02B (+25% Y/Y); management guided Q3 well above Street estimates, citing strong demand from AI/data center customers. Western Digital Reports Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: Analysts turn more bullish — several firms upped ratings/targets (Wells Fargo $335, Wedbush $325, TD Cowen to $325, Morgan Stanley, Citi maintain/raise Buy calls), reflecting expectations for sustained AI-led capacity demand and margin upside. Analyst Coverage & Price Target Changes
• Positive Sentiment: Management and CEO comments highlight AI-driven storage growth — CEO Irving Tan emphasized that AI inference is generating more data and requiring more storage, supporting ongoing demand for high‑capacity HDDs and flash. Western Digital CEO: AI inference is generating more data and requiring storage hence demand growth
• Positive Sentiment: Company to outline AI storage roadmap at Feb. 3 Innovation Day — investors have an upcoming event to get product/roadmap detail, which could provide further visibility on TAM and upside. Dear Western Digital Stock Fans, Mark Your Calendars for February 3
• Neutral Sentiment: Small quarterly dividend declared — WDC announced a $0.125 per‑share dividend (ex‑dividend Mar 5), a token yield that is unlikely to materially move the stock but may be noted by income investors.
• Negative Sentiment: Shares gave back gains after the initial rally — despite the beat and strong guide, intraday profit‑taking and repositioning pushed the stock down on elevated volume, suggesting some investors are booking gains after a rapid run. Western Digital Shares Give Up Gains After Earnings Beat, Strong Guidance
• Negative Sentiment: Technical/positioning risks — some analysts and market pieces noted WDC was overbought ahead of results; after a big run to an all‑time high, elevated expectations increase the risk of short‑term pullbacks. Overbought Ahead of Earnings

Western Digital Company Profile

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.