WDC is trading at $256.20 (+4.46%) as the stock extends gains following recent analyst upgrades to strong buy.
- Analysts set a $454 price target, citing the company's strategic pivot toward AI data storage solutions and a $4B share buyback program.
- The stock is significantly outperforming the broader market (S&P 500 -0.38%, Nasdaq -0.08%) despite headwinds from rising oil prices and weak employment data.
- Today's move appears to be a continuation of the bullish momentum established on March 6, as no new company-specific news was reported for the March 9 session.