JPMorgan Lifts PT on Western Digital Corporation (WDC)

1 week ago 7

Noor Ul Ain Rehman

Mon, June 22, 2026 astatine 7:10 AM CDT 2 min read

Western Digital Corporation (NASDAQ:WDC) is 1 of the champion AI representation stocks to bargain successful 2026. JPMorgan lifted the terms people connected Western Digital Corporation (NASDAQ:WDC) to $650 from $530 connected June 12 and maintained an Overweight standing connected the shares, telling investors successful a probe enactment that the steadfast is raising its net forecasts for the HDD companies chiefly led by a much affirmative presumption connected pricing, and successful turn, the incremental margins that the companies are expected to study successful the coming quarters.

Bank of America Points to Supply-Demand Imbalance Favoring Western Digital (WDC)

JPMorgan added that portion the companies person already turned a country successful reporting year-over-year increases successful pricing unneurotic for the archetypal clip successful the March quarter, the steadfast anticipates seeing the year-over-year terms increases for the manufacture to accelerate successful the coming quarters with sequential terms increases sustaining successful the low- to mid-single digit scope and cumulatively supporting the acceleration successful pricing.

Western Digital Corporation (NASDAQ:WDC) besides received a standing update from Wells Fargo connected June 1. The steadfast raised the terms people connected the banal to $575 from $500 and reiterated an Overweight standing connected the shares.

Western Digital Corporation (NASDAQ:WDC) is progressive successful the development, manufacture, marketing, and merchantability of information retention devices and solutions.

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.

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