Western Digital's stock fell 20% over three months due to rumors of increased hard drive supply from Toshiba, despite the company posting record earnings and raising guidance. Analysts from Cantor Fitzgerald and Robert W. Baird see this selloff as a major buying opportunity, projecting up to 127% upside with price targets near $900. The company benefits from strong pricing power and long-term visibility with major customers, supporting optimism about continued growth. Investors should watch upcoming earnings for pricing trends that will confirm if these high targets are achievable.
As of Oct 29, 2026 18:32 WIB, Western Digital (WDC) trades at USD 386.15 on Pluang, down 2.59% for the day. The stock's market cap stands at $148.39 billion with a typical hold time of 40 days among Pluang investors. Despite recent declines, Pluang order activity is nearly balanced with 52% buying interest, highlighting ongoing investor engagement.
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Western Digital's stock has fallen over 50% from its peak, even after beating earnings estimates and showing strong revenue growth, mainly from cloud customers storing AI data. Wall Street analyst Robert W. Baird raised the price target to $900, sugg...
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