TD Cowen raised the firm’s price target on Western Digital (WDC) to $90 from $58 and keeps a Buy rating on the shares. The firm said results were positive and language around HAMR seems to be encouraging. The good thing is, assuming HAMR-related delays which normal given the complexity of the technology, it appears that the progress on SMR may continue to be a tailwind for gross margins as Wthe company qualifies a 4th SMR hyperscaler.
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Read More on WDC:
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