WDC is trading at $272.96, up 4.9% in pre-market action following multiple analyst upgrades and strong AI storage demand.
- Cantor Fitzgerald and Morgan Stanley hiked price targets to $420 and $369, respectively, following the company's Innovation Day event.
- Management detailed a roadmap for 40TB UltraSMR drives and 100TB+ HDDs by 2029, supported by a new $4 billion share buyback program.
- The stock has rebounded from a volatile week to near recent highs as global data demands for AI solutions continue to accelerate.