Western Digital Stock Is Attractive, Backed By Cheap Valuation And AI Surge: Analyst

Benchmark analyst Mark Miller upgraded Western Digital Corp WDC from Hold to Buy with a $55 price target Thursday.Investor’s concern over tariffs has produced compelling valuations for some tech hardware stocks.In Benchmark’s 26 years of coverage, the forward valuations of hard drive stocks have typically ranged from mid-single digits to teen multiples.Also Read: Western Digital Faces ‘Challenging Pricing Environment,’ But There’s Long-Term Potential: AnalystsWestern Digital stock is trading at the low end ...