12 Unstoppable Technology Stocks to Buy

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3. Western Digital Corporation (NASDAQ:WDC)

Number of Hedge Fund Holders: 84

6-month performance: 183.70%

Western Digital Corporation (NASDAQ:WDC) is one of the Unstoppable Technology Stocks to Buy. The share price of Western Digital Corporation (NASDAQ:WDC) has risen more than 285% year-to-date, mainly due to the company’s strategic positioning as a major hard drive manufacturer. Wall Street continues to maintain a positive stance on the stock.

CEO of the company, Irving Tan, during the October quarter earnings call, noted that they are one of the few manufacturers that provide the most reliable HDDs, which are basically the fuel that powers data centers. He added that the profitability is expected to improve further because AI companies need larger, more expensive hard drives. The revenue of the company is expected to rise by more than 23% in 2026 and 17% in 2027.

That said, recently on December 19, Erick Woodring from Morgan Stanley reiterated a Buy rating on the stock with a $228 price target. Earlier on December 17, Vijay Rakesh from Mizuho Securities raised the firm’s price target from $188 to $228 and maintained a Buy rating.

Analysts at Mizuho Securities noted that the company has strong visibility with its top five customers. The firm added that these customers have extended purchase orders through 2026, with orders from one customer extending to 2027. Mizuho believes that the pricing for Western Digital’s products is expected to remain strong as well.

Western Digital Corporation (NASDAQ:WDC) develops, manufactures, and sells data storage devices and solutions based on hard disk drive/HDD tech in the US, Asia, Europe, the Middle East, and Africa.

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