🟢 WDC is trading 8% up today after a major Bernstein upgrade and doubled price target

WDC is trading at $293.05 (+8.34%) after a significant analyst upgrade and a positive market backdrop fueled by geopolitical de-escalation hopes.

• Sanford C. Bernstein upgraded WDC to Outperform from Market Perform and doubled its price target to ~$340 from $170, calling a recent selloff an overreaction and an attractive entry point.
• The upgrade challenges recent fears over AI memory compression and points to a solid product roadmap and accelerating fundamentals.
• The stock is also benefiting from a broader market rally, with the S&P 500 and NASDAQ both trading higher amid hopes for a resolution in the U.S.-Iran conflict.