10 High-Flying AI Stocks to Buy

7. Western Digital Corporation (NASDAQ:WDC)

Market Capitalization: $114.55 billion

On April 8, Evercore ISI raised its price target on Western Digital Corporation (NASDAQ:WDC) to $378 from $310 while maintaining an Outperform rating, highlighting a renewed focus on hard disk drives as a key beneficiary of the structural memory shift. The firm expects multi-year growth exceeding 20% across sales, earnings, and free cash flow, driven by surging demand for data storage in AI and cloud environments. This outlook underscores the emergence of a sustained “AI storage supercycle,” where capacity expansion becomes critical.

On April 6, Morgan Stanley raised its price target on Western Digital Corporation (NASDAQ:WDC) to $380 from $369 while maintaining an Overweight rating, noting continued strengthening in hard disk drive demand. The firm’s supply-demand analysis suggests potential shortages extending through 2028, supported by sustained hyperscaler demand, improving pricing visibility, and longer customer planning cycles. These dynamics reinforce the company’s strong positioning within the evolving data infrastructure landscape.

Western Digital Corporation (NASDAQ:WDC) is a leading provider of data storage solutions, specializing in hard disk drives and flash memory products for consumer, enterprise, and cloud applications. Headquartered in San Jose, the company is a core component of the global data ecosystem.