Western Digital’s Strong Market Position and Upward Earnings Revision Drive Buy Rating

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2025.09.15 14:35
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Mark Miller has issued a Buy rating for Western Digital, citing strong demand for high-capacity drives and rising prices, leading to an upward revision of target prices from $85 to $115. Projected non-GAAP earnings for fiscal year 2026 are $7.29 per diluted share on sales of $11.43 billion, with further growth expected in 2027. Bank of America Securities also maintains a Buy rating with a $123 price target.