Goldman Sachs raised the firm’s price target on Western Digital to $400 from $250 and keeps a Neutral rating on the shares. Western Digital (WDC) is expected to trade range bound despite a strong quarter and above-Street guidance, as already elevated expectations driven by Seagate (STX) strength, tight HDD supply, and hyperscaler demand limit near-term upside, while continued pricing and margin momentum, supportive CapEx trends, and progress on HAMR qualification, the analyst tells investors in a research note.
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