Western Digital (NASDAQ:WDC) Earns Outperform Rating from Wedbush

Western Digital (NASDAQ:WDC)‘s stock had its “outperform” rating restated by stock analysts at Wedbush in a report released on Monday,Benzinga reports. They currently have a $325.00 price target on the data storage provider’s stock. Wedbush’s price objective would indicate a potential upside of 23.78% from the company’s previous close.

Several other research analysts have also recently weighed in on WDC. Susquehanna reissued a “neutral” rating and issued a $285.00 price objective on shares of Western Digital in a research report on Friday. Zacks Research upgraded Western Digital from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Loop Capital increased their price target on shares of Western Digital to $250.00 and gave the company a “buy” rating in a research report on Monday, November 10th. UBS Group set a $306.00 price objective on shares of Western Digital in a report on Friday, January 30th. Finally, Robert W. Baird set a $310.00 price objective on shares of Western Digital in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Western Digital has a consensus rating of “Moderate Buy” and an average price target of $265.58.

Western Digital Stock Performance

Shares of WDC stock opened at $262.56 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.19. The firm has a 50-day moving average of $209.85 and a 200-day moving average of $147.76. Western Digital has a one year low of $28.83 and a one year high of $296.50. The company has a market cap of $89.02 billion, a P/E ratio of 26.34, a P/E/G ratio of 0.74 and a beta of 1.80.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.20. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the firm posted $1.77 EPS. The firm’s quarterly revenue was up 25.2% compared to the same quarter last year. Equities research analysts forecast that Western Digital will post 4.89 EPS for the current fiscal year.

Insider Activity at Western Digital

In other Western Digital news, Director Matthew E. Massengill sold 36,926 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $260.43, for a total transaction of $9,616,638.18. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kimberly Alexy sold 1,768 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $154.00, for a total value of $272,272.00. Following the completion of the transaction, the director directly owned 3,585 shares of the company’s stock, valued at $552,090. The trade was a 33.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 70,522 shares of company stock worth $17,661,708 in the last ninety days. Insiders own 0.18% of the company’s stock.

Institutional Trading of Western Digital

A number of institutional investors have recently added to or reduced their stakes in the stock. SYM FINANCIAL Corp purchased a new position in Western Digital during the second quarter valued at approximately $225,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Western Digital by 12.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,317 shares of the data storage provider’s stock valued at $6,281,000 after purchasing an additional 5,731 shares during the period. LBP AM SA purchased a new position in shares of Western Digital during the 3rd quarter valued at $641,000. Nordea Investment Management AB increased its holdings in shares of Western Digital by 9.6% in the second quarter. Nordea Investment Management AB now owns 30,434 shares of the data storage provider’s stock worth $1,938,000 after purchasing an additional 2,656 shares during the period. Finally, Callan Family Office LLC purchased a new stake in shares of Western Digital in the second quarter worth $919,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

More Western Digital News

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

• Positive Sentiment: Company AI storage roadmap highlights HDD demand from generative-AI infrastructure, reinforcing Western Digital’s growth runway for higher-capacity drives and validating investor optimism about secular demand. Western Digital AI Storage Roadmap Puts HDD Growth Story In Focus
• Positive Sentiment: Western Digital expanded share‑repurchase capacity with a new ~$4.0B buyback (bringing total buyback capacity to roughly $4.484B), which supports EPS and signals management confidence after a large share run-up. 3 Massive Buybacks That Map the Market’s Mood in 2026 (WDC)
• Positive Sentiment: Gross margins have improved sharply (reported ~46.1% in fiscal Q2, +770 bps YoY), reflecting better product mix, pricing and tight supply — which should support higher profitability going forward. What’s Supporting Western Digital’s Gross Margin Momentum?
• Positive Sentiment: Analysts reaffirm bullish views — Wedbush reiterated an “outperform” rating with a $325 price target — providing upward pressure on medium-term expectations. Wedbush Outperform, $325 PT
• Positive Sentiment: Macro/sector thesis: multiple pieces highlight a memory/HDD supercycle driven by AI that funnels smart money into memory and storage suppliers — supportive for demand and pricing. The Memory Supercycle Is Here—2 Winners From 1 Breakup
• Neutral Sentiment: Western Digital completed redemption of its 2026 senior notes, cutting near-term maturities and simplifying the balance sheet — a credit-positive move but largely expected after prior announcements. Western Digital Completes Redemption of 2026 Senior Notes
• Neutral Sentiment: Context pieces note WDC’s extraordinary prior outperformance (recent multi‑hundred‑percent gains); that strength raises the risk of short‑term profit-taking even as fundamentals improve. What’s Behind The Incredible 500% Surge Of Western Digital Stock?

About Western Digital

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.