---
title: "Rosenblatt maintains Buy rating on Western Digital, $650 price target"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/302875389.md"
description: "Rosenblatt maintains a Buy rating on Western Digital with a $650 price target, implying an 83.5% upside from the Oct 22 close of $354.19. The firm highlights strong growth driven by transitions to higher-capacity drives (32TB to 44TB) and a robust framework for 25% growth. Despite cost pressures from DRAM/NAND inputs, Western Digital sustains over 80% incremental gross margins through effective pricing strategies and a richer mix of high-capacity products."
datetime: "2026-10-23T12:02:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/302875389.md)
  - [en](https://longbridge.com/en/news/302875389.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/302875389.md)
generator: "portal-rs"
---

# Rosenblatt maintains Buy rating on Western Digital, $650 price target

Rosenblatt maintained their Buy rating on Western Digital's stock with a price target of $650.00.

The price target implies an upside of 83.5% from the Oct 22 close of $354.19.

**Key takeaways from the analyst note**

**Strong Product Transitions and Growth Framework**: Western Digital is experiencing significant growth through its transition to higher-capacity drives, such as moving from 32TB to 40TB and 44TB, which enhances shipped capacity by up to 37.5%. Despite not setting a new long-term growth target, the company's management maintains a robust framework for 25% growth, indicating confidence in sustained demand and product advancement.

**High Incremental Gross Margins Amid Cost Pressures**: The company has successfully maintained over 80% incremental gross margins, even with challenges such as higher DRAM/NAND input costs. This is attributed to effective pricing strategies, including long-term agreements that drive price increases, as well as a richer mix of higher-capacity drives, reflecting Western Digital's strong market position and operational efficiency.

Explore more price target data and ratings for Western Digital on the .

**Disclaimer**

Select reference data provided by Benzinga. This information is not a recommendation for what you should do personally and does not constitute investment advice.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**