Citi Raised the PT on Western Digital Corporation (WDC), Here’s What’s Driving the Bullish Sentiment

3 hours ago 1

Talha Qureshi

Wed, June 10, 2026 astatine 12:14 PM CDT 2 min read

Western Digital Corporation (NASDAQ:WDC) has gained much than 200% implicit the past 6 months. More than 18% of these gains person been accumulated pursuing the company’s fiscal Q3 2026 net released connected May 1. During the quarter, the institution posted $3.34 cardinal successful revenue, up 45% year-over-year and up of the expected $3.25 billion. The adjusted EPS of $2.72 besides topped the statement of $2.39. Western Digital Corporation (NASDAQ:WDC) is besides 1 of our Top 10 Unstoppable Growth Stocks to Invest In.

Recently, connected June 2, Asiya Merchant from Citi raised the terms people connected the banal from $500 to $685 and maintained a Buy standing connected the shares. The expert noted that Citi accrued its estimates for the hard disk thrust abstraction based connected 2 cardinal drivers, including a beardown AI-led request and disciplined manufacture proviso management.

Asiya noted that together, these factors are expected to enactment sustainable pricing powerfulness for Western Digital, suggesting that the institution volition beryllium capable to support favorable pricing without the boom-bust cycles that person historically plagued the retention industry. The steadfast remains assured successful HDD Demand arsenic AI infrastructure buildout continues to thrust important information retention requirements.

Western Digital Corporation (NASDAQ:WDC) develops and manufactures hard disk drive-based retention devices and information infrastructure solutions globally.

While we admit the imaginable of WDC arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 9 Most Undervalued Foreign Stocks to Buy Now and 10 Most Undervalued US Stocks According to Hedge Funds.

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