Western Digital price target raised to $280 from $200 at Citi

Citi analyst Asiya Merchant raised the firm’s price target on Western Digital (WDC) to $280 from $200 and keeps a Buy rating on the shares. The firm adjusted targets in the technology hardware group as part of its 2026 outlook. Citi believes hyperscaler data center spending “remains robust,” which is driving demand for power, storage, connectors, and fiber.

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