Investment
Features
FeesSafety
Academy
More
Pluang+

Western Digital shares hit new highs on strong growth and bullish analyst upgrade.

Analyst Insights
15 Jun 2026
Evette Mitkov
View Source
Bullish
pluang ai news

Western Digital's stock surged to a new 52-week high following a bullish upgrade by Morgan Stanley analyst Erik Woodring, who raised his price target from $488 to $650. The optimism is driven by expected 30%+ year-over-year growth in nearline enterprise storage, accelerating pricing, expanding margins, and improving operating leverage. Woodring also highlighted Western Digital's advanced UltraSMR/HAMR technology roadmap as a strength. Technically, the stock remains in a strong uptrend but faces potential short-term pullbacks if buying momentum slows. Overall, the outlook suggests potential for the shares to double within a year if positive pricing trends continue.

More News (WDC)

banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App