Western Digital price target raised to $75 from $45 at UBS

UBS raised the firm’s price target on Western Digital (WDC) to $75 from $45 and keeps a Neutral rating on the shares. UBS expects June quarter results in line with the midpoint of the guidance range, with September quarter results being guided to $2.55B and $1.50, the analyst tells investors in a research note. The firm thinks Western Digital will continue to speak to the extended visibility that hyperscalers are willingly providing as they ramp AI infrastructure spend.