Western Digital price target raised to $85 from $60 at Cantor Fitzgerald

Cantor Fitzgerald analyst C.J. Muse raised the firm’s price target on Western Digital (WDC) to $85 from $60 and keeps an Overweight rating on the shares. The firm look for “another quarter of beat/raises,” with upside to revenues, gross margins and EPS for both the June and September quarters, the analyst tells investors in a preview. The firm, which sees calendar year 2026 EPS potential of $6-plus, believes a multiple similar to Seagate (STX) is “appropriate” given the structurally more profitable industry and Western’s expanding margin profile, the analyst added.

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