WDC is trading at $229.81 (+3.07%) following multiple analyst upgrades citing strong AI-driven data growth and tight HDD supply conditions.
- Bank of America raised its price target significantly from $197 to $257, with Citi and Rosenblatt setting targets at $280 and $270, respectively.
- Analysts expect next quarter's gross margins to hit 45-46%, with full-year revenue guidance raised to $11.9 billion and EPS to $7.87.
- The stock has gained a remarkable 359% over the past 12 months as hyperscale cloud demand accelerates storage infrastructure investments.