Western Digital price target raised to $325 from $300 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Western Digital (WDC) to $325 from $300 and keeps an Overweight rating on the shares. Western Digital delivered a strong beat and raise on sold-out nearline demand, long-term volume and pricing visibility through 2027-2028, accelerating product roadmaps, and the prospect of exiting the March quarter debt-free, the analyst tells investors in a research note. While expectations were high and margin commentary more conservative than peers, demand trends, pricing power, and execution point to a solid overall print, the firm says.