Western Digital (WDC) Hits All-Time High as Citi Hikes PT by 37%

Western Digital Corp. (NASDAQ:WDC) is one of the 10 Stocks With Remarkable Resilience.

Western Digital saw its share prices climb to a fresh all-time high on Wednesday, as investors took heart from Citigroup’s 37 percent price target upgrade for its stock, while positioning portfolios ahead of tomorrow’s participation at the Computex 2026 conference.

In intra-day trading, Western Digital Corp. (NASDAQ:WDC) soared to its highest price of $602.54 before trimming gains to finish the session just up by 5.51 percent at $594.11 apiece, after Citigroup raised its price target to $685 from $500 previously, while maintaining a buy recommendation.

Photo from Western Digital website

The investment firm said that the coverage reflected the storage firm’s continued strong demand from AI, paired with ongoing solid industry supply discipline supporting sustainable pricing power and underpinning profitability for meaningful FCF and shareholder returns.

Apart from Citigroup, Western Digital Corp. (NASDAQ:WDC) also earned upbeat ratings from Barclays and Wells Fargo, which earlier upgraded their price targets by 38 percent and 15 percent, respectively. Both assigned an overweight rating for the stock.

In other news, Western Digital Corp. (NASDAQ:WDC) Chief Product Officer Ahmed Shihab is set to participate in a forum session at the Computex 2026 in Taipei, Taiwan, where he is expected to tackle why AI infrastructure can no longer be designed primarily around compute performance, and why persistent data growth, tiered architectures, and infrastructure economics are becoming the defining constraints of AI 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 the cheapest AI stock.

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