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.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WDC:
- Invesco QQQ Trust ETF (QQQ) Daily Update, 1/19/2026
- Western Digital price target raised to $230 from $190 at Evercore ISI
- Invesco QQQ Trust ETF (QQQ) Daily Update, 1/16/2026
- Western Digital price target raised to $205 from $135 at Susquehanna
- SK Hynix speeding up new chip fab opening, Reuters reports