Mizuho and Citi Raise Western Digital (WDC) Price Targets

Western Digital Corporation (NASDAQ:WDC) is one of the 10 Best Performing Growth Stocks So Far in 2026. On June 8, Mizuho raised its price target on Western Digital Corporation (NASDAQ:WDC) from $550 to $685 and maintained its Outperform rating on the stock.

The research firm raised its estimates for the company after its quarterly AI application-specific integrated circuit roadmap call. Mizuho believes there is potential for tensor processing unit demand to reach 35 million units by 2028, which would be eight times higher than the 4.3 million units in 2026.

Mizuho and Citi Raise Western Digital (WDC) Price Targets

Earlier, on June 2, Citi also raised its price target for Western Digital Corporation (NASDAQ:WDC) from $500 to $685 while keeping its Buy rating on the stock.

The research firm lifted its estimates for the hard disk drive sector, pointing to strong AI-driven demand strength and disciplined supply across the industry. Citi’s analyst told investors in a research note that this is expected to support sustainable pricing power.

As of June 8, analysts are bullish on Western Digital Corporation (NASDAQ:WDC) with a consensus Buy rating. The 12-month median price target of $545 set by analysts indicates a potential upside of 6.50% from the current stock price.

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

While we acknowledge the risk and potential of WDC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WDC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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