Western Digital announced its Innovation Day 2026 on February 3 to showcase AI-driven storage innovations, coinciding with significant analyst optimism driven by strong AI demand.
- Citigroup maintained its Buy rating while dramatically raising its price target 40% from $200 to $280.
- Bank of America also lifted its target to $257, citing that AI demand is outpacing supply.
- Despite the positive analyst sentiment, the stock likely tracked the broader market decline, as the S&P 500 fell 1.95%.