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Western Digital rated Strong Buy with price target raised to $1250 on strong earnings outlook.

Analyst Insights
11 Aug 2026
Seeking Alpha
View Source
Bullish
Western Digital rated Strong Buy with price target raised to $1250 on strong earnings outlook.

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.

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