What Are Wall Street Analysts' Target Price for Western Digital Stock?

Core Insights - Western Digital Corporation (WDC) is valued at $51.5 billion and is a leading company in the data storage device and solutions industry, focusing on HDDs for various applications [1] Financial Performance - WDC's stock has significantly outperformed the broader market, with a year-to-date increase of 235.9% and a 198.8% rise over the past 52 weeks, compared to the S&P 500 Index's gains of 16.3% in 2025 and 17.7% over the past year [2] - The stock also surpassed the Technology Select Sector SPDR Fund's (XLK) gains of 29.3% in 2025 and 31% over the past year [3] - Following the release of strong Q1 results on October 30, WDC's stock prices rose by 8.8% [4] - For Q1, revenues increased by 8.2% sequentially and 27.4% year-over-year to $2.8 billion, exceeding expectations by 3.5% [5] - Earnings per share (EPS) surged 137.3% year-over-year to $1.78, significantly surpassing consensus estimates [5] Future Outlook - Analysts project WDC to achieve an EPS of $7.55 for the full fiscal 2026, representing a 53.2% year-over-year increase [6] - WDC has a strong earnings surprise history, having exceeded bottom-line estimates in each of the past four quarters [6] - The consensus rating among 24 analysts is a "Strong Buy," with 19 "Strong Buys," one "Moderate Buy," and four "Holds" [6] - Wells Fargo analyst Aaron Rakers has reiterated an "Overweight" rating on WDC and raised the price target from $150 to $180 [8]