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Western Digital stock hits record high after Morgan Stanley boosts price target by 33%.

Market News
16 Jun 2026
24/7 Wall Street
View Source
Bullish
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Western Digital's stock surged 7% to a new all-time high near $701 following Morgan Stanley's upgrade, which raised the price target by 33% to $650. The bank highlighted Western Digital's strong UltraSMR and HAMR technology roadmap and raised earnings estimates, suggesting the stock could double next year. Seagate and other storage-related stocks also rose amid growing optimism about an AI-driven storage super-cycle. Investors will watch upcoming earnings and market reactions to see if this momentum continues or if valuations have overheated.

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