Cantor Fitzgerald and Goldman Sachs Lift Western Digital (WDC) Price Targets

During the event, institution absorption talked astir exertion advances, merchandise roadmaps, and shared an updated fiscal model.

Cantor Fitzgerald pointed retired that Western Digital Corporation’s (NASDAQ:WDC) expected maturation and profitability are “significantly amended than the institution (and industry) had antecedently projected.” The steadfast present forecasts that the company’s net per stock for calendar twelvemonth 2028 could scope betwixt $19 and $32.

Earlier, connected February 3, Goldman Sachs besides raised its terms people connected Western Digital Corporation (NASDAQ:WDC) from $220 to $250 and maintained its Neutral rating. The institution confirmed that its HAMR merchandise rollout is inactive connected way for the archetypal fractional of 2027.

Additionally, Western Digital Corporation (NASDAQ:WDC) said that 1 much lawsuit has entered the qualification signifier for its HAMR solutions. Goldman Sachs raised its 2026-2028 non-GAAP net per stock estimates for the institution by an mean of 22% aft the institution updated its semipermanent guidance.

Western Digital Corporation (NASDAQ:WDC) is an American institution that manufactures hard disk drives and different information retention products.

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