Analysts Set Western Digital Corporation (NASDAQ:WDC) Price Target at $534.56

by · The Markets Daily

Western Digital Corporation (NASDAQ:WDC – Get Free Report) has earned an average rating of “Moderate Buy” from the twenty-five brokerages that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $534.56.

Several research analysts recently commented on WDC shares. Susquehanna raised their price target on shares of Western Digital from $360.00 to $500.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Jefferies Financial Group set a $575.00 price target on Western Digital in a research report on Tuesday, May 26th. Melius Research set a $1,050.00 price target on Western Digital and gave the stock a “buy” rating in a report on Monday, June 29th. Barclays increased their price objective on shares of Western Digital from $450.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. lifted their target price on Western Digital from $530.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th.

Check Out Our Latest Report on WDC

Insider Buying and Selling at Western Digital

In other news, insider Cynthia Tregillis sold 432 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $451.20, for a total transaction of $194,918.40. Following the completion of the transaction, the insider directly owned 111,030 shares of the company’s stock, valued at approximately $50,096,736. This represents a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara Gubbi sold 1,795 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $459.87, for a total transaction of $825,466.65. Following the transaction, the insider directly owned 80,571 shares of the company’s stock, valued at $37,052,185.77. The trade was a 2.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 25,437 shares of company stock worth $11,461,345 over the last 90 days. Insiders own 0.18% of the company’s stock.

Institutional Trading of Western Digital

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Western Digital in the fourth quarter worth approximately $788,729,000. Legal & General Group Plc acquired a new position in Western Digital in the 2nd quarter valued at approximately $1,602,927,000. National Pension Service increased its stake in Western Digital by 267.6% in the 4th quarter. National Pension Service now owns 1,691,659 shares of the data storage provider’s stock valued at $291,422,000 after buying an additional 1,231,477 shares during the period. Anther Capital Ltd purchased a new stake in Western Digital in the 2nd quarter worth approximately $901,601,000. Finally, Deutsche Bank AG acquired a new stake in shares of Western Digital during the 2nd quarter valued at $885,565,000. Institutional investors own 92.51% of the company’s stock.

Western Digital Stock Performance

Shares of WDC stock opened at $448.17 on Friday. The stock has a fifty day moving average price of $477.26 and a 200 day moving average price of $459.75. The stock has a market cap of $154.48 billion, a PE ratio of 18.51, a P/E/G ratio of 1.87 and a beta of 2.13. Western Digital has a 1 year low of $105.42 and a 1 year high of $799.87.

Western Digital (NASDAQ:WDC – Get Free Report) last posted its earnings results on Wednesday, August 5th. The data storage provider reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.25. Western Digital had a return on equity of 48.15% and a net margin of 72.95%.The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the prior year, the company earned $1.66 earnings per share. Western Digital’s revenue was up 43.8% compared to the same quarter last year. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. As a group, equities research analysts predict that Western Digital will post 19.65 earnings per share for the current year.

Western Digital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Tuesday, September 8th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, September 8th. Western Digital’s payout ratio is currently 2.48%.

Trending Headlines about Western Digital

Here are the key news stories impacting Western Digital this week:

  • Positive Sentiment: AI-related demand is emerging as a key growth driver. Accelerating inference workloads, sovereign AI projects, neoclouds and physical AI applications could increase demand for Western Digital’s high-capacity hard-disk drives. Tight industry supply may also give the company additional pricing leverage. Can Sovereign AI and Neoclouds Extend Western Digital’s Growth Run?
  • Positive Sentiment: Western Digital and Seagate showcased high-capacity storage products at the AI Infra Summit, highlighting the companies’ positioning to benefit from rising data-center storage requirements. WD And Seagate Showed High Capacity Storage At The AI Infra Summit
  • Positive Sentiment: WDC participated in a broader technology-sector advance, with investors focusing on enterprise-storage demand from expanding AI workloads. The company’s recent earnings momentum—strong revenue growth and an earnings beat—adds support to the bullish narrative.
  • Neutral Sentiment: Some commentary argues that Western Digital may still be undervalued relative to its earnings potential after its substantial multiyear rally. However, the stock’s elevated valuation and large previous gains mean investors may demand continued profit growth before pushing the shares materially higher. Western Digital Stock May Be Undervalued After Its Huge Three Year Run
  • Neutral Sentiment: Western Digital’s relative strength versus SanDisk during the memory-sector session suggests favorable investor positioning, although the divergence primarily reflects trading sentiment rather than a new company-specific announcement. SanDisk Falls Despite Memory Rally; Micron Advances, Western Digital Nudges Higher

Western Digital Company Profile

(Get Free Report)

Western Digital Corporation (NASDAQ: WDC) develops, manufactures and sells data storage products and solutions for data centers, cloud service providers, enterprises, businesses and consumers. Its portfolio is centered on hard disk drives (HDDs), including high-capacity enterprise drives used in cloud and data center environments, as well as products for network-attached storage, surveillance and personal computing.

The company markets products under brands including Western Digital, WD, WD_BLACK and Ultrastar.

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