Barclays Raises its Price Target on Western Digital (WDC) to $405

Western Digital Corporation (NASDAQ:WDC) is one of the 10 Best Fast Growth Stocks to Invest In Now.

On April 21, 2026, Barclays analyst Tom O’Malley raised the price target on Western Digital Corporation (NASDAQ:WDC) to $405 from $325 and maintained an Overweight rating after increasing estimates for the hard disk drive market. Tom O’Malley said industry dynamics and a focus on lower capital spending could support a “more permanent” share re-rating.

A day earlier, UBS analyst Timothy Arcuri raised the firm’s price target to $350 from $285 and kept a Neutral rating. Timothy Arcuri expects results near the top end of Q3 guidance, driven by higher ASPs and strong hyperscaler demand, with further improvement in Q4 supported by pricing gains and margin expansion. The firm noted that while near-term fundamentals remain supported by capacity and demand trends, HDD stocks are still cyclical, with a longer-term downcycle now pushed to at least late 2028.

Meanwhile, JPMorgan analyst Samik Chatterjee raised the firm’s price target on Western Digital Corporation (NASDAQ:WDC) to $400 from $320 and maintained an Overweight rating as part of a Q1 preview across the hardware and networking group. Samik Chatterjee said AI infrastructure investments across servers, switches, copper interconnects, and optical are expected to drive upside for AI-related suppliers in Q1, while the firm also downgraded four names and opened “positive catalyst watches” on CDW and Seagate.

Barclays Raises its Price Target on Western Digital (WDC) to $405

Western Digital Corporation (NASDAQ:WDC) develops, manufactures, and sells data storage devices and solutions based on hard disk drive technology across global markets.

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