Western Digital shares surged 6.92%, trading near $229, after receiving substantial price target hikes from both Wells Fargo and Barclays, reinforcing investor optimism regarding the company's enterprise data focus.
- Wells Fargo maintained its Overweight rating while raising its price target to $260.
- Barclays analyst Tom O’Malley significantly raised his target on WDC from $200 to $240.
- The upgrades reflect strong conviction in the company's ability to meet high-capacity hard drive demand from AI and cloud hyperscalers.