10 Best Large Cap Tech Stocks to Buy Now

7. Western Digital Corp. (NASDAQ:WDC)

Market Cap: $26.0 Billion

Potential Upside: 20%

Number of Hedge Fund Holders: 78

Western Digital Corp. (NASDAQ:WDC) is one of the best large-cap tech stocks to buy now. On July 31, Wells Fargo’s Aaron Rakers reaffirmed his Buy rating on Western Digital (NASDAQ:WDC), while lifting his price target to $95 from $80. His positive stance follows quarterly results and guidance that came in ahead of expectations, strengthening the case for the company’s growth outlook.

Rakers pointed to notable momentum in Western Digital’s nearline storage segment, where shipment volumes exceeded forecasts, signalling competitive gains against peers. He also highlighted the company’s ongoing technology investments, including progress in HAMR development and the broader rollout of UltraSMR, which he expects will support both revenue expansion and margin improvement in the years ahead.

The analyst’s long-term model now pencils in an annual revenue growth in the mid-teens, helped by firm pricing trends and operational efficiencies. With strong demand from hyperscale cloud customers adding another layer of support, Rakers sees Western Digital well-positioned to deliver sustained growth, justifying the higher price target alongside the Buy rating.

Western Digital Corp. (NASDAQ:WDC) is a prominent developer and manufacturer of data storage devices and solutions. The company’s product range includes hard disk drives (HDDs), NAND flash-based products, and external storage systems tailored for both consumer and enterprise markets.