Argus lowered the firm’s price target on Western Digital (WDC) to $65 from $88 and keeps a Buy rating on the shares. Memory and data storage demand in the enterprise and cloud markets appears to be growing and Western Digital is positioned for solid top- and bottom-line growth across the remainder of FY25 and into FY26, though the firm is adjusting its model to account for the SanDisk separation, the analyst tells investors in a research note.
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