🔴 Western Digital is trading 3.71% down today after recent analyst upgrades raise expectations ahead of earnings

WDC is trading at $234.25 (-3.71%), experiencing a pullback likely driven by profit-taking ahead of the upcoming fiscal Q2 2026 earnings report.

• The decline occurs despite a wave of analyst upgrades over the past three days, with firms raising price targets up to $280 citing strong AI-driven storage demand.
• The profit-taking follows a significant surge of 8.49% on January 21, as investors lock in gains before the January 29 earnings release.
• Broader market weakness is also contributing to the pressure, with the S&P 500 down 0.20% and NASDAQ down 0.06%.