Western Digital's stock fell nearly 20% over the past three months, dropping 44.77% from its 52-week high amid concerns over increased hard disk drive supply from Toshiba. Despite the decline, analysts remain bullish, with an average price target implying a 50.56% upside and one analyst projecting a 137.75% gain. The company reported strong fiscal results, including a 43.8% revenue increase and consecutive earnings beats, supporting the long-term growth thesis driven by data center demand. The next earnings report will be key to confirming if the supply scare is temporary or signals deeper issues for Western Digital's pricing power and margins.
Western Digital's stock is trading at USD 409.16 on Pluang as of Oct 07, 2026 00:02 WIB, down 7.35% in the last day. The stock remains well below its 52-week high of USD 746.23, reflecting ongoing market caution. Pluang data shows a market cap of $159.23 billion and a typical hold time of 37 days, indicating active investor engagement despite recent volatility.
Shares of Western Digital and Seagate rose sharply after three Wall Street firms dismissed concerns about Toshiba's plan to double HDD production in the Philippines. Analysts from Bernstein, Citi, and Morgan Stanley agreed that the HDD market remains...
Western Digital's cloud business generates nearly 90% of its revenue, driven by growing AI data needs that boost demand for high-capacity hard drives. The company aims to reduce costs by about 10% annually through advanced UltraSMR and HAMR drives, p...
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Shares of Seagate and Western Digital fell sharply after news that Toshiba plans to invest $400 million to double its hard disk drive production by 2027, targeting AI data-center storage demand. Toshiba currently holds just over 10% of the HDD market...
Toshiba announced plans to double its hard disk drive (HDD) production capacity, targeting AI data center demand. This move caused Seagate's stock to drop 10% and Western Digital's by 7%, as both companies dominate the HDD market and have benefited f...
