Key Stats for Western Digital Stock
- Price Change: +8.5%
- Current Price: $242
- Advanced Model Price Target: $381
The Street says $219. The Model says $381. Who is right? Run the numbers on TIKR →
What Happened?
Shares of Western Digital (WDC) rallied 8.5% on Wednesday, closing at $242.
The surge came as Bank of America analysts lifted price targets across the sector, citing a “strong Q2 outlook” for memory makers.
Investors are piling into the stock as a sympathy play alongside Seagate Technology (STX), betting that the AI boom is creating a shortage of high-capacity storage.
With AI models generating massive amounts of synthetic data, the demand for Exabyte-scale Hard Disk Drives (HDDs) is exploding.
See analysts’ growth forecasts and price targets for Western Digital stock (It’s free!) >>>
Is Western Digital Undervalued Today?
While the stock is up, the underlying data suggests the market is still underestimating the storage supercycle.
Speaking at the Nasdaq Investor Conference, CEO Irving Tan revealed that the company is seeing 30% exabyte growth quarter-over-quarter.
Tan highlighted that “AI-native video platforms” and autonomous vehicles are driving unprecedented demand for storage.
He confirmed that the company has visibility into purchase orders extending all the way through calendar year 2026.
According to TIKR’s Advanced Valuation Model, this growth disconnect creates a massive opportunity.
- Advanced Model Price Target: $381
- Current Price: $242
- Potential Upside: +57.7%
The model assumes Western Digital can maintain a 13.2% revenue CAGR through 2031 as it capitalizes on the AI infrastructure buildout.
Conclusion: The market is finally realizing that AI needs storage. With a confirmed backlog through 2026 and a valuation model pointing to $381, Western Digital looks like the next leg of the AI trade.
See the full WDC forecast on TIKR >>>
How Much Upside Does Western Digital Stock Have From Here?
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
