Western Digital Corporation (NASDAQ:WDC) secures a spot on our list of the best memory stocks to buy according to analysts.
Photo from Western Digital website
As of April 20, 2026, analyst sentiment on Western Digital Corporation (NASDAQ:WDC) remains strong, with 79% of covering analysts maintaining “Buy” ratings. The street-high price target of $440 implies about 18% upside from the current share price of $372.9.
Much of that optimism traces back to two things: pricing has improved, and demand for AI and cloud storage keeps climbing.
On April 17, 2026, BofA analyst Wamsi Mohan moved his price target on Western Digital Corporation (NASDAQ:WDC) from $375 to $415 and maintained a “Buy” rating. He pointed to strong memory demand that is feeding through to better pricing and gross margins. His note also flagged expectations that fiscal third-quarter revenue, margins, and EPS may land above the high end of guidance, with enterprise and nearline demand both pulling their weight.
Beyond the near-term numbers, Western Digital Corporation (NASDAQ:WDC) has been quietly building out its position in AI storage.
At its Innovation Day in February 2026, Western Digital Corporation (NASDAQ:WDC) walked through a roadmap that included 100TB-plus HDDs, 40TB UltraSMR customer qualifications, active HAMR work with hyperscalers, and technologies in development to increase bandwidth, reduce power consumption, and lower storage costs at AI scale.
That is what makes Western Digital Corporation (NASDAQ:WDC) fit the memory theme. Demand is improving and showing up in results today, while the roadmap has the company angled toward the next round of AI-driven data growth.
Western Digital Corporation (NASDAQ:WDC) is a data storage hardware and infrastructure company. It designs and manufactures a broad range of HDD and flash-based storage solutions, from high-capacity data center platforms and NAS systems to portable consumer drives. Its products provide the foundational infrastructure for managing and archiving digital data at scale.
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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