Western Digital's stock has fallen over 50% from its peak, even after beating earnings estimates and showing strong revenue growth, mainly from cloud customers storing AI data. Wall Street analyst Robert W. Baird raised the price target to $900, suggesting a 136% gain, citing expected margin expansion and new product launches like HAMR drives in 2027. Despite recent sell-offs in the hard drive sector, Western Digital's fundamentals remain strong with growing revenue and high gross margins, though risks include pricing pressure and customer concentration. The consensus target price is $610, indicating about 60% upside, reflecting cautious optimism about the company's future growth.
Western Digital's stock has seen a turbulent few months, but as of October 28, 2026, it trades at USD 385.67 on Pluang, showing a modest gain of 1.26% for the day. The stock remains well below its 52-week high of USD 746.23, with a market cap of $142.57 billion. Despite recent volatility, Pluang investors typically hold WDC shares for about 40 days, with current order activity leaning heavily towards selling at 80%.
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