🟢 Western Digital is trading 3.5% up today after street-high $1,050 price target and AI demand optimism

Western Digital is trading at $575.03 (up 3.5%) following a fresh wave of bullish analyst calls tied to long-term AI infrastructure demand.

• Melius Research initiated coverage with a Buy rating and a street-high $1,050 price target, significantly above the current trading price.
• Goldman Sachs and other major firms recently raised their price targets, citing robust demand for high-capacity HDDs used in AI applications.
• Analysts highlighted continued pricing strength in the DRAM and NAND markets as a key driver for long-term growth.