Following Western Digital's Innovation Day, analyst Erik Woodring dramatically raised the price target from $306 to $369, citing an optimistic outlook on the company's strategic shift toward the AI-driven data economy and a robust technology roadmap.
- The elevated target is based on projections for $18.8 billion in revenue and $20.50 earnings per share (EPS) by 2027.
- This strong financial outlook is driven by expectations of achieving over 50% gross margins in the coming years, reinforcing market confidence in WDC's business transformation.