Western Digital (WDC) Sees Price Target Raised Amid Strong AI, Data Center Demand

Core Insights - Western Digital Corp. (NASDAQ:WDC) is identified as one of the most undervalued stocks on NASDAQ, with a price target raised from $85 to $115 by Benchmark, reflecting increased demand for high-capacity drives [1] - Benchmark has revised its fiscal year 2026 projections for Western Digital, now forecasting non-GAAP earnings of $7.29 per diluted share on sales of $11.43 billion, an increase from previous estimates of $6.92 per diluted share on sales of $11.15 billion [2] - The company's performance is expected to be bolstered by the ongoing strength of its AI and data center clients in fiscal year 2027 [2] - Western Digital is recognized as a prominent manufacturer of data storage solutions, including external storage systems, NAND flash-based solutions, and hard disk drives (HDDs) [3]