14 Stocks That Will Double in the Next 5 Years

​12. Western Digital Corporation (NASDAQ:WDC)

EPS Growth This Year: 81.26%

EPS Growth Next 5 Years: 54.98%

Number of Hedge Fund Holders: 79

​Western Digital Corporation (NASDAQ:WDC) is among the Stocks That Will Double in the Next 5 Years.

​On April 17, JPMorgan analyst Samik Chatterjee raised the firm’s price target on Western Digital Corporation (NASDAQ:WDC) from $320 to $400, while maintaining an Overweight rating on the shares. The firm noted that the price target adjustment is part of its Q1 preview for the hardware and networking sector.

​JPMorgan anticipates strong growth for AI-related suppliers, including Western Digital, due to rising investments in AI infrastructure, including servers, switches, copper interconnects, and optical components. The firm has a positive view on the company amid these trends, contrasting with downgrades for four other names in the group.

​In addition, on April 6, Morgan Stanley raised the price target on Western Digital Corporation (NASDAQ:WDC) from $368 to $380, while maintaining a Buy rating on the shares. The firm cited increased HDD demand as one of the key factors behind the bullish sentiment.

​Western Digital Corporation (NASDAQ:WDC) is an American company that manufactures hard disk drives and other data storage products.