On January 20, 2026, analysts from Rosenblatt and BofA Securities issued bullish outlooks on Western Digital (WDC).
Rosenblatt analyst Kevin Cassidy reiterated a 'Buy' rating. Cassidy substantially raised the price target to $270 from $165.
BofA Securities analyst Wamsi Mohan maintained a 'Buy' rating. Mohan increased the price target to $257 from $197.
BofA anticipates Western Digital will report earnings at the high end of its guidance. The firm cites a stable pricing environment where demand outpaces supply. BofA projects continued gross margin improvement throughout 2026, driven by strong exabyte growth and a favorable product mix.
These optimistic revisions precede Western Digital’s announcement of its second-quarter fiscal year 2026 financial results on January 29, 2026.