After a 4x Surge, Is There Anything Left to Gain in Western Digital Corporation (WDC)?

Core Insights - Western Digital Corporation (NASDAQ:WDC) is considered one of the most undervalued tech giants by hedge funds, with 77% of analysts giving it a 'Buy' rating and a median price target of $182, indicating a limited upside potential of 0.36% due to a significant stock increase of 303% year-to-date and a quadrupling in 2025 [1][2] Analyst Ratings - Mizuho reaffirmed its 'Outperform' rating for Western Digital with a price target of $180 following an investor call with the company's CFO and VP of IR [2] - Morgan Stanley raised its price target for Western Digital from $188 to $228 while maintaining an 'Overweight' rating, favoring companies benefiting from cloud capital expenditures [4] Customer Agreements and Market Position - Western Digital has strong visibility with its top five customers, who have purchase orders secured through the end of 2026, with one customer extending orders to CY27 [3] - The company is engaged in long-term agreements with customers that extend through 2027-2029, providing strong pricing visibility and improved margins due to enhanced areal density [3]