Citi Remains Bullish on Western Digital Corporation (WDC) – Here’s Why
Key takeaways
- Citi lifted the price target on Western Digital Corporation (NASDAQ:WDC) to $685 from $500 on June 2 and maintained a Buy rating on the shares.
- Western Digital Corporation (NASDAQ:WDC) also received a rating update from Wells Fargo on June 1.
- Western Digital Corporation (NASDAQ:WDC) is involved in the development, manufacture, marketing, and sale of data storage devices and solutions.
Citi Remains Bullish on Western Digital Corporation (WDC) – Here’s Why Noor Ul Ain Rehman Wed, June 10, 2026 at 12:25 AM GMT+7 1 min read WDC C WFC Western Digital Corporation (NASDAQ:WDC) is one of the best NASDAQ stocks to buy and hold for 3 years. Citi lifted the price target on Western Digital Corporation (NASDAQ:WDC) to $685 from $500 on June 2 and maintained a Buy rating on the shares. The firm raised its estimates in the hard disk drive space, citing industry supply discipline and AI-led demand strength, further telling investors in a research note that this should support sustainable pricing power.
Western Digital Corporation (NASDAQ:WDC) also received a rating update from Wells Fargo on June 1. The firm raised the price target on the stock to $575 from $500 and reiterated an Overweight rating on the shares. It stated that last week it hosted meetings on its 4th Annual Wells Fargo Silicon Valley Bus Tour, the week before, and each one of them had a positive demand tone, ranging from AI data center build-outs to the proliferation of AI inferencing / Agentic AI, driving significant incremental server CPU demand and continued drives of memory expansion.
Western Digital Corporation (NASDAQ:WDC) is involved in the development, manufacture, marketing, and sale of data storage devices and solutions.