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Western Digital Approves Stock Plan Amendment at Meeting

Story Highlights
  • Western Digital approved an increase of 8 million shares in its Employee Stock Purchase Plan.
  • Stockholders elected directors, approved compensation, and ratified KPMG LLP as auditors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Western Digital Approves Stock Plan Amendment at Meeting

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The latest announcement is out from Western Digital ( (WDC) ).

On November 20, 2025, Western Digital Corporation held its annual stockholders meeting where the amendment and restatement of the 2005 Employee Stock Purchase Plan was approved, increasing the shares available for issuance by 8 million. Additionally, the stockholders elected eight directors, approved executive officer compensation, and ratified KPMG LLP as the independent registered public accounting firm for fiscal 2026, reflecting continued support for the company’s strategic decisions and governance.

The most recent analyst rating on (WDC) stock is a Buy with a $197.00 price target. To see the full list of analyst forecasts on Western Digital stock, see the WDC Stock Forecast page.

Spark’s Take on WDC Stock

According to Spark, TipRanks’ AI Analyst, WDC is a Outperform.

Western Digital’s strong financial recovery and positive earnings call sentiment are the most significant factors driving the stock score. The technical analysis supports a bullish outlook, while the valuation suggests some caution due to a high P/E ratio. Overall, the company’s strategic positioning in AI-driven markets and robust cash flow management contribute to a favorable stock assessment.

To see Spark’s full report on WDC stock, click here.

More about Western Digital

Western Digital Corporation operates in the technology industry, primarily focusing on data storage solutions. The company offers a range of products including hard drives, solid-state drives, and data center systems, catering to both consumer and enterprise markets.

Average Trading Volume: 9,771,487

Technical Sentiment Signal: Buy

Current Market Cap: $47.59B

Learn more about WDC stock on TipRanks’ Stock Analysis page.

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