🟢 Western Digital is trading 3.6% up today driven by analyst price target increases

WDC is trading at $229.49, up 3.6%, after Rosenblatt analyst Kevin Cassidy raised the price target from $165 to $270 (a 63.64% increase) and maintained a Buy rating.

• The upgrade follows a series of bullish analyst moves, including Wells Fargo raising its target to $260 and BofA increasing its target to $257.
• The stock has surged 86.5% over the last three months, driven by strong AI-driven demand for high-capacity storage and record shipments.
• WDC is currently outperforming broader market weakness ahead of Q2 earnings scheduled for January 29.