Analyst The Curious Analyst reiterates a Strong Buy rating for Western Digital (WDC), raising the price target to $1250 per share. This upgrade follows WDC's Q4 2026 results and Q1 2027 guidance, which demonstrate sustained earnings power, with non-GAAP EPS annualized at $16 and expected to reach $25 by 2028. The stock remains attractively valued with a forward PEG ratio of 0.31x, well below the sector median of 1.28x. The analyst applies a 50x forward non-GAAP P/E multiple to the 2028 EPS estimate to arrive at the new price target, signaling strong growth potential and investment appeal.
The Alger Dynamic Opportunities Fund's Class A shares outperformed the S&P 500 Index in the second quarter of 2026. The fund maintained an average long exposure of 88.77% and a short exposure of -37.38%. Top contributors to the fund's performance inc...
Western Digital, now focused solely on HDD storage after spinning off Sandisk, has seen rapid growth driven by cloud revenue, which makes up 89% of its sales. Despite impressive recent financial results including 44% revenue growth and 109% EPS growt...
Western Digital reported strong Q4 2026 earnings and revenue, surpassing expectations. However, the stock dropped sharply after the results due to concerns over its high valuation and risks from technological changes, such as the rise of SSDs and new...
Western Digital (WDC) is still rated as a Sell despite showing operational strength and achieving a net cash-positive balance sheet for the first time recently. The company's valuation is considered stretched, trading at a high non-GAAP P/E of 66.17 ...
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 bil...
