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Western Digital price target raised to $58 from $55 at Benchmark

Benchmark raised the firm’s price target on Western Digital (WDC) to $58 from $55 and keeps a Buy rating on the shares after the company posted earnings upside and guided to higher results for the June quarter. Demand from hyperscale customers, which was “robust,” is expected to continue as 2025 progresses, the analyst tells investors.

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