Western Digital price target raised to $115 from $85 at Benchmark

Benchmark raised the firm’s price target on Western Digital (WDC) to $115 from $85 and keeps a Buy rating on the shares. Sources indicate that lead times for high-capacity drives have extended to almost one year and drive prices are increasing as a consequence of the strong demand, the analyst tells investors. Given this dynamic, the firm now forecasts FY26 non-GAAP EPS of $7.29 on sales of $11.43B, up from its prior forecast of $6.92 and $11.15B, respectively.

Claim 55% Off TipRanks