Goldman Sachs raised the firm’s price target on Western Digital (WDC) to $250 from $220 and keeps a Neutral rating on the shares following the company’s innovation day in New York. Goldman told investors in a research note that management announced several new products and highlighted its product innovation across ePMR and HAMR solutions, and intends to facilitate a smooth customer transition from ePMR to HAMR. The firm added that Western Digital noted that its HAMR product ramp is on track for 1H27, and the company now has an additional customer in qualification stage for its HAMR solutions.
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