Citi Raises Western Digital Price Target to $500: Is the HDD Bull Case Just Getting Stronger?

Citi Raises Western Digital Price Target to $500: Is the HDD Bull Case Just Getting Stronger?

The post Citi Raises Western Digital Price Target to $500: Is the HDD Bull Case Just Getting Stronger? appeared first on 24/7 Wall St.. Quick Read Western Digital (WDC) stock received a $500 price target from Citi—a 24% raise from $405—on beat-and-raise earnings and AI-driven HDD demand visibility. Western Digital’s structural supply-demand imbalance and pricing power are driven by AI workloads requiring persistent, cost-efficient data storag…

Western Digital anticipates Q4 revenue $3.65B ± $100M with EPS $3.25 ± $0.15 as gross margin is guided to 51%–52%

Western Digital (WDC) Stock Soars to Record Peak Following Stellar Q3 Performance

Key Highlights WDC shares reached a record peak of $442.30, climbing almost 893% in the past year Third-quarter revenue totaled $3.34B, representing approximately 45% year-over-year growth, while EPS of $2.72 exceeded projections Fourth-quarter outlook surpassed analyst forecasts, with projected revenue of $3.65B and earnings per share of $3.25 Rosenblatt Securities increased its target price to $500; the stock holds Buy ratings from 18 financi…