Western Digital (WDC) is back in focus after its latest earnings report, with investors now looking ahead to what’s next. Even though the stock dipped following its Q3 FY26 results on Friday, Wall Street analysts have raised their price targets, pushing the stock about 2% higher in early trading today. Looking ahead, analysts still rate WDC a Strong Buy, with average upside potential of almost 12%. Here’s what Wall Street is forecasting for the stock right now.
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Forget margin or options. Here's how the pros trade WDCFor context, WDC designs and sells hard drives, solid-state drives (SSDs), and data center storage solutions. The company beat fiscal third-quarter expectations, reporting adjusted earnings of $2.72 per share and revenue of $3.34 billion, up 45% year over year. The strong performance was driven largely by rising demand from AI-related data center infrastructure.
Analysts Raise Price Targets on WDC Stock
WDC earns a highly bullish stance on Wall Street, with 14 out of 17 analysts assigning it a Buy rating. Price targets range widely from $285 to $660, reflecting differing views on the stock’s upside potential.
WDC received strong bullish updates from multiple top Wall Street analysts following its latest earnings report. Cantor Fitzgerald’s five-star-rated analyst C.J. Muse raised his price target from $500 to a Street-high $660, maintaining a Buy rating. He highlighted strong pricing, solid data center demand, improving margins, and progress in HAMR technology as key drivers of long-term growth.
Similarly, Bernstein Research’s top-rated analyst Mark Newman increased his target from $340 to $590, citing a strong fiscal Q3 beat driven by HDD demand and pricing gains, with average selling prices rising both quarterly and annually.
Citigroup’s Asiya Merchant also raised its price target on WDC to $500 from $405, keeping a Buy rating and pointing to continued AI-driven demand and stronger pricing visibility after a “beat and raise” quarter.
Who Are the Best Analysts Covering WDC Stock?
Interestingly, Mizuho Securities Vijay Rakesh is also one of the most accurate analysts covering WDC over the past three months. He has a success rate of 74% and an average return of 36.4% per trade. On TipRanks, Rakesh is ranked #4 out of more than 12,000 analysts tracked, adding more credibility to his bullish view on WDC stock.
After the latest earnings, WDC saw further bullish revisions from Wall Street. Rakesh raised his price target from $400 to $470 while maintaining a Buy rating. He noted that the company’s high-bandwidth HDD products—offering 2–4x the performance of traditional drives—are already being tested with two customers. He also highlighted improving visibility on next-generation HAMR technology, now expected to be deployed in the first half of 2027, slightly earlier than previous expectations.
Rakesh also stands out as the most profitable analyst covering WDC stock over the timeframes of three months, one year, and two years.
What Is the Price Target of WDC Stock?
Western Digital’s average stock price target of $488.24 per share implies a 12% upside.
