Reported 2 days ago
Bank of America has raised its price target for Western Digital Corporation (NASDAQ:WDC) from $62 to $71, maintaining a Buy rating, following insights from the 2025 BofA Global Technology Conference. Analysts are optimistic about the HDD industry due to rising demand from hyperscale customers, and Western Digital's Q3 2025 revenue of $2.3 billion reflects a 31% year-over-year increase, with cloud revenue contributing significantly to this growth. The company also solidified long-term agreements with major customers and advanced its technology milestones.
Source: YAHOO