Reported 3 days ago
Evercore ISI has raised its price target for Western Digital Corporation (NASDAQ:WDC) from $85 to $190 while maintaining an outperform rating. Analyst Amit Daryanani indicated that the hard disk drive sector is poised for growth driven by AI advancements and increasing cloud demand, which are expected to positively impact pricing and shipment growth. Western Digital, known for its storage solutions, is aligning with these market trends, presenting a compelling investment opportunity.
Source: YAHOO