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.
Western Digital expects its fiscal second-quarter revenue to grow 66% to 72% year-on-year, following a 55% increase in first-quarter sales to $4.38 billion. The company anticipates adjusted gross margins of 60% to 61% and adjusted earnings per share ...
Memory stocks, including SanDisk, Western Digital, and Micron, are experiencing sharp declines, with SanDisk down 8%, Western Digital 7%, and Micron 6%. The selloff is driven by concerns over increased competition from Chinese memory makers and worri...
Micron Technology and Seagate Technology stocks have surged 221% and 155% respectively in 2026, driven by robust demand for memory chips and data center storage fueled by AI expansion. Micron’s strong revenue growth and multiyear supply agreements pr...
Shares of hard-drive makers Western Digital and Seagate Technology fell last week, but Morgan Stanley remains optimistic about their upcoming earnings reports. The firm expects both companies to deliver strong financial results and solid future guida...
Jim Cramer highlighted SanDisk and Western Digital as risky stocks despite their strong year-to-date gains, warning that a slowdown in data center expansion could sharply reduce their profits. Both companies depend heavily on hyperscalers' spending o...
