Western Digital (NASDAQ:WDC) Given New $325.00 Price Target at TD Cowen

Western Digital (NASDAQ:WDC) had its target price increased by TD Cowen from $200.00 to $325.00 in a research report released on Friday, Marketbeat reports. The firm currently has a buy rating on the data storage provider’s stock.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Western Digital in a report on Monday, December 29th. UBS Group boosted their price target on Western Digital from $145.00 to $230.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Benchmark increased their price target on Western Digital from $115.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price objective on shares of Western Digital in a research note on Tuesday, December 16th. Finally, Wedbush increased their target price on shares of Western Digital from $90.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.95.

Western Digital Stock Performance

WDC stock opened at $250.23 on Friday. Western Digital has a 1 year low of $28.83 and a 1 year high of $285.42. The stock has a market capitalization of $85.55 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 1.33 and a beta of 1.78. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.94 and a current ratio of 1.21. The stock’s fifty day moving average is $193.60 and its two-hundred day moving average is $136.62.

Western Digital (NASDAQ:WDC) last released its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.20. The business had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Western Digital had a net margin of 35.52% and a return on equity of 44.67%. The company’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.77 EPS. On average, research analysts predict that Western Digital will post 4.89 EPS for the current year.

Western Digital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Thursday, March 5th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, March 5th. Western Digital’s dividend payout ratio is currently 5.02%.

Insider Buying and Selling

In other news, Director Kimberly Alexy sold 1,768 shares of Western Digital stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $154.00, for a total value of $272,272.00. Following the transaction, the director directly owned 3,585 shares of the company’s stock, valued at $552,090. This trade represents a 33.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Roxanne Oulman sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $154.42, for a total transaction of $277,956.00. Following the sale, the director owned 3,863 shares in the company, valued at $596,524.46. This represents a 31.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 26,816 shares of company stock worth $4,116,148. Company insiders own 0.18% of the company’s stock.

Institutional Trading of Western Digital

Several large investors have recently added to or reduced their stakes in the company. ORG Partners LLC grew its holdings in shares of Western Digital by 124.5% during the third quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock valued at $25,000 after buying an additional 117 shares in the last quarter. Private Wealth Management Group LLC boosted its position in Western Digital by 102.5% during the 2nd quarter. Private Wealth Management Group LLC now owns 399 shares of the data storage provider’s stock worth $26,000 after acquiring an additional 202 shares during the period. Rakuten Securities Inc. boosted its position in Western Digital by 4,070.0% during the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 407 shares during the period. NewSquare Capital LLC grew its stake in Western Digital by 86.9% during the 2nd quarter. NewSquare Capital LLC now owns 441 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 205 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its holdings in shares of Western Digital by 551.4% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock valued at $29,000 after purchasing an additional 204 shares during the period. 92.51% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Western Digital

Here are the key news stories impacting Western Digital this week:

• Positive Sentiment: Q2 results beat and upbeat guidance — WDC reported $2.13 EPS vs. ~$1.93 consensus and revenue of $3.02B (+25% Y/Y); management guided Q3 well above Street estimates, citing strong demand from AI/data center customers. Western Digital Reports Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: Analysts turn more bullish — several firms upped ratings/targets (Wells Fargo $335, Wedbush $325, TD Cowen to $325, Morgan Stanley, Citi maintain/raise Buy calls), reflecting expectations for sustained AI-led capacity demand and margin upside. Analyst Coverage & Price Target Changes
• Positive Sentiment: Management and CEO comments highlight AI-driven storage growth — CEO Irving Tan emphasized that AI inference is generating more data and requiring more storage, supporting ongoing demand for high‑capacity HDDs and flash. Western Digital CEO: AI inference is generating more data and requiring storage hence demand growth
• Positive Sentiment: Company to outline AI storage roadmap at Feb. 3 Innovation Day — investors have an upcoming event to get product/roadmap detail, which could provide further visibility on TAM and upside. Dear Western Digital Stock Fans, Mark Your Calendars for February 3
• Neutral Sentiment: Small quarterly dividend declared — WDC announced a $0.125 per‑share dividend (ex‑dividend Mar 5), a token yield that is unlikely to materially move the stock but may be noted by income investors.
• Negative Sentiment: Shares gave back gains after the initial rally — despite the beat and strong guide, intraday profit‑taking and repositioning pushed the stock down on elevated volume, suggesting some investors are booking gains after a rapid run. Western Digital Shares Give Up Gains After Earnings Beat, Strong Guidance
• Negative Sentiment: Technical/positioning risks — some analysts and market pieces noted WDC was overbought ahead of results; after a big run to an all‑time high, elevated expectations increase the risk of short‑term pullbacks. Overbought Ahead of Earnings

Western Digital Company Profile

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.