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Home/News Feed/Bernstein upgrades Western Digital to Outperform, doubling price target to $340 amid strong AI-driven demand.
WDC
$495.00
-$18.84 -3.67%

Bernstein upgrades Western Digital to Outperform, doubling price target to $340 amid strong AI-driven demand.

Analyst Insights
31 Mar 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

Bernstein upgraded Western Digital's stock to Outperform from Market Perform and doubled its price target to $340, citing minimal impact from Google's AI memory compression on HDD and NAND demand. Despite a recent 14.63% stock drop, Western Digital posted strong Q2 FY2026 results with EPS and free cash flow beating estimates, and expects 40% revenue growth in Q3 driven by AI demand. The upgrade signals confidence in the company's innovation and margin expansion, with Wall Street consensus largely bullish. Investors should watch Q3 results for confirmation of this positive trajectory.

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