Analysts Note Growth Potential and Risks for Western Digital (WDC)

Group 1 - Western Digital Corporation (NASDAQ:WDC) is gaining attention as an AI stock, with Bernstein SocGen Group initiating coverage with a Market Perform rating and a price target of $96.00, citing its inexpensive valuation compared to competitor Seagate Technology (STX) [1][2] - The research firm believes WDC will benefit from cyclical strength in hard disk drives (HDDs) [1] - However, there are concerns regarding potential market share and margin pressure as WDC strives to keep pace with advancements in Heat-Assisted Magnetic Recording (HAMR) technology [2] Group 2 - WDC develops, manufactures, and sells data storage devices and solutions, positioning itself within the growing data storage market [2] - While WDC shows potential as an investment, certain AI stocks are perceived to offer greater upside potential and less downside risk [3]