Analyst firm Robert W. Baird raised Western Digital's price target from $450 to $630, reflecting confidence in the company's growth driven by rising AI storage demand and strong financials. Western Digital reported a 44% revenue increase to $3.75 billion and adjusted earnings of $3.56 per share in fiscal Q4, beating expectations. Despite this, the stock dropped 11% due to concerns over its next quarter gross margin outlook, which is forecasted at 55-56%, slightly below competitor expectations. The positive outlook suggests potential upside as AI storage needs continue to grow.
Micron Technology and Seagate Technology stocks have surged 221% and 155% respectively in 2026, driven by robust demand for memory chips and data center storage fueled by AI expansion. Micron’s strong revenue growth and multiyear supply agreements pr...
Shares of hard-drive makers Western Digital and Seagate Technology fell last week, but Morgan Stanley remains optimistic about their upcoming earnings reports. The firm expects both companies to deliver strong financial results and solid future guida...
Jim Cramer highlighted SanDisk and Western Digital as risky stocks despite their strong year-to-date gains, warning that a slowdown in data center expansion could sharply reduce their profits. Both companies depend heavily on hyperscalers' spending o...
Western Digital's stock has dropped 50%, driven by sector-wide concerns rather than company-specific issues. Despite this, the company projects 45% revenue growth, a gross margin of 55-56%, and $4.00 earnings per share, signaling strong fundamentals....
