Wall Street Thinks Western Digital Stock Price Will Soar Higher This Year
Western Digital's stock price is expected to soar higher this year, according to a bullish analyst upgrade from Bernstein. The upgrade comes after a recent selloff triggered by Google's TurboQuant report, which sparked fears of demand destruction across memory and storage hardware.
Western Digital received a bullish analyst upgrade from Bernstein, which doubled its price target to $340. The upgrade challenges the recent selloff triggered by Google's TurboQuant report. Bernstein argues that the report should have zero impact on hard disk drive demand and negligible impact on NAND demand. Western Digital's stock has dropped 14.63% over the past week, but its underlying fundamentals have been accelerating. The company posted strong Q2 FY2026 results, with non-GAAP diluted EPS of $2.13 and non-GAAP gross margin expanding 770 basis points year-over-year. Western Digital's innovation day and solid product roadmap also support the bullish case.
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