Western Digital (NASDAQ:WDC) Stock Price Target Lowered at Rosenblatt Securities

Western Digital (NASDAQ:WDC) had its price objective decreased by equities research analysts at Rosenblatt Securities from $800.00 to $650.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the data storage provider’s stock. Rosenblatt Securities‘s target price points to a potential upside of 83.52% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Wall Street Zen raised Western Digital from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 17th. TD Cowen raised their target price on Western Digital from $500.00 to $540.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. UBS Group set a $435.00 price objective on shares of Western Digital in a research report on Friday. Bank of America boosted their price objective on Western Digital from $720.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Cantor Fitzgerald decreased their price target on Western Digital from $900.00 to $625.00 and set an “overweight” rating on the stock in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Western Digital currently has an average rating of “Moderate Buy” and an average target price of $602.52.

Western Digital Price Performance

Western Digital stock opened at $354.19 on Friday. The business has a 50 day moving average of $435.48 and a 200-day moving average of $480.46. The company has a market capitalization of $132.58 billion, a P/E ratio of 14.63, a P/E/G ratio of 1.60 and a beta of 2.11. Western Digital has a 1 year low of $121.71 and a 1 year high of $799.87.

Western Digital (NASDAQ:WDC) last released its quarterly earnings data on Thursday, October 22nd. The data storage provider reported $4.64 earnings per share for the quarter, beating analysts’ consensus estimates of $4.11 by $0.53. Western Digital had a net margin of 72.95% and a return on equity of 48.15%. The firm had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same period last year, the firm earned $1.78 earnings per share. The business’s quarterly revenue was up 55.5% compared to the same quarter last year. Equities analysts anticipate that Western Digital will post 19.69 EPS for the current year.

Insider Activity at Western Digital

In other news, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $444.97, for a total value of $8,899,400.00. Following the transaction, the chief executive officer owned 575,966 shares of the company’s stock, valued at $256,287,591.02. The trade was a 3.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 1,795 shares of Western Digital stock in a transaction on Friday, September 4th. The stock was sold at an average price of $459.87, for a total transaction of $825,466.65. Following the completion of the transaction, the insider directly owned 80,571 shares in the company, valued at $37,052,185.77. This represents a 2.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 25,436 shares of company stock worth $11,340,064 over the last three months. 0.20% of the stock is owned by corporate insiders.

Institutional Trading of Western Digital

Large investors have recently added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Western Digital in the 2nd quarter valued at $28,000. Dunhill Financial LLC purchased a new position in Western Digital in the 2nd quarter valued at about $29,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Western Digital in the second quarter worth approximately $31,000. Valley Wealth Managers Inc. acquired a new stake in Western Digital during the 1st quarter worth $32,000. Finally, Gables Capital Management Inc. purchased a new stake in Western Digital during the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Key Stories Impacting Western Digital

Here are the key news stories impacting Western Digital this week:

• Positive Sentiment: Western Digital reported fiscal Q1 2027 adjusted earnings of $4.64 per share and revenue of $4.38 billion, exceeding estimates of approximately $4.09–$4.11 per share and $4.14 billion. Revenue increased 55.5% year over year, supported by data-center demand and improved pricing. Western Digital earnings report
• Positive Sentiment: Management’s fiscal Q2 outlook was also well above expectations, calling for approximately $5.1 billion in revenue and adjusted EPS of $5.80, plus or minus $0.20. Gross margins are expected to approach 60%, indicating continued pricing power and favorable supply-demand conditions. Western Digital earnings call highlights
• Positive Sentiment: AI inference, robotics, cloud expansion, and long-term data retention are sustaining storage demand. Management reportedly sees customer planning visibility extending into 2030 and 2031, while HAMR technology and higher-capacity drives could support future growth. Western Digital AI storage demand
• Positive Sentiment: Western Digital generated roughly $1.38 billion in free cash flow, raised its quarterly dividend 16.7% to $0.175 per share, and received supportive analyst actions, including Bank of America’s $800 price target. Brookstone Capital Management also increased its position by 4.5% in the third quarter.
• Neutral Sentiment: HDD price growth is expected to moderate eventually. Although demand remains strong, investors may be unwilling to extend the stock’s valuation if pricing and margins peak.
• Negative Sentiment: The initial favorable earnings reaction reversed as selling spread across AI, memory, and storage stocks. Concerns include higher inventory, potential supply growth, hyperscaler spending risks, and execution challenges during the HAMR transition.
• Negative Sentiment: Insider Cynthia Tregillis sold 807 shares worth approximately $306,660 under a pre-arranged Rule 10b5-1 plan. The sale reduced her holdings by only 0.74% and is therefore a limited signal, but continued insider selling may weigh on sentiment. SEC insider transaction filing

About Western Digital

Western Digital Corporation (NASDAQ: WDC) is a data storage technology company that develops and manufactures hard disk drives (HDDs) and related storage solutions. Its products are used in data centers, cloud infrastructure, enterprise systems, personal computers, gaming platforms and external storage devices.

The company offers HDD-based products for business and consumer applications, including high-capacity drives designed for hyperscale and cloud data centers, enterprise storage environments, network-attached storage systems and personal computing.