🟢 WDC is trading 4.92% up today after Morgan Stanley raises price target on strong HDD demand

WDC is trading at $309.47, up 4.92% today, boosted by an analyst upgrade and a broader market rebound amid easing geopolitical tensions.

• Morgan Stanley raised its price target on WDC shares to $380 from $368, citing checks that show hard disk drive (HDD) demand continues to strengthen. [8]
• The positive sentiment is also supported by a risk-on environment as reports indicate progress in U.S.-Iran ceasefire talks. [7, 16]
• The stock is rebounding from volatility last week following Alphabet's 'TurboQuant' announcement which pressured the memory sector. [2]