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Home/News Feed/Western Digital's AI-driven storage surge pushes shares up 227%, eyeing $600 target amid strong earnings.
WDC
$499.75
-$14.09 -2.74%

Western Digital's AI-driven storage surge pushes shares up 227%, eyeing $600 target amid strong earnings.

Analyst Insights
15 Jun 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

Western Digital, traditionally a hard disk drive maker, has emerged as a key player in AI storage, with revenue up 45.47% year over year and gross margins surpassing 50% for the first time. CEO Irving Tan highlighted that AI workloads generate persistent data efficiently stored on HDDs, driving a 227% share price increase year-to-date. Despite recent profit-taking and valuation concerns, Wall Street remains mostly bullish with a price consensus near current levels. The company’s growth hinges on meeting strong Q4 earnings guidance, ramping up 40TB drives, and sustained demand from hyperscalers, making a $600 share price realistic if these factors align.

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