Western Digital Jumps 7% on Morgan Stanley's 33% Price-Target Hike, Seagate Gains 5% as the AI Storage Boom Rolls On

Western Digital Smashes Through 52-Week Highs - Western Digital (NASDAQ:WDC)

Western Digital Corp‘s (NASDAQ:WDC) stock price rose on Tuesday as a global memory-stock rally and stronger analyst expectations lifted sentiment around the company’s earnings prospects. Western Digital, currently up about 5%, is outpacing a mixed broader market. The Dow rose 0.19%, while the S&P 500 and Nasdaq traded slightly lower. Morgan Stanley analyst Erik Woodring reaffirmed an Overweight rating and raised his price forecast to $650 from $…

Western Digital Jumps 7% on Morgan Stanley's 33% Price-Target Hike, Seagate Gains 5% as the AI Storage Boom Rolls On

Western Digital (NASDAQ:WDC | WDC Price Prediction) stock is up 7% in Tuesday morning trading, changing hands near $701 and setting a fresh all-time high. The catalyst is a Morgan Stanley note that reiterated an Overweight rating and lifted its WDC price target by 33%. The upgrade extends a powerful run. Western Digital stock closed ... Western Digital Jumps 7% on Morgan Stanley’s 33% Price-Target Hike, Seagate Gains 5% as the AI Storage Boom Ro…

Western Digital Jumps After Morgan Stanley Lifts Target on AI Storage Demand

Western Digital soared 16.10% to $653.53 after Morgan Stanley raised its price target to $650, citing strong nearline enterprise storage demand, accelerating pricing, margin expansion, and better operating leverage; investors now await fiscal Q4 results to confirm if AI-driven HDD demand and pricing power can sustain the rally, with valuation risk as shares trade near record highs and above the average analyst target. The post Western Digital Ju…

Western Digital stock surges as Morgan Stanley lifts target to $650

Western Digital (WDC) shares surged on Monday after Morgan Stanley raised its price target on the data-storage company.The firm also reiterated its bullish outlook on Seagate Technology, citing strengthening demand for artificial intelligence-driven hard disk drives.Western Digital stock jumped about 17% to $658.80, making it the top performer in the S&P 500. The shares have gained more than 1,000% over the past year. Seagate Technology also adv…