Western Digital (NASDAQ:WDC) Sees Price Target Increase by Evercore ISI

Core Viewpoint - Western Digital (NASDAQ:WDC) is a significant player in the data storage industry, with a new price target set at $230 by Evercore ISI, indicating a potential upside from its current trading price of $221.51 [1][5] Company Performance - The current stock price of WDC is $221.51, reflecting a slight decrease of 0.27% or $0.59, with a trading range between $216.83 and $229.99 during the day [2][5] - Over the past year, WDC has shown significant volatility, with a high of $230.48 and a low of $28.83 [2] Market Position - Western Digital's market capitalization is approximately $75.93 billion, indicating a strong position in the data storage industry [4] - The trading volume for the day is 8,950,350 shares, demonstrating active investor interest [4] Industry Trends - The ongoing AI trade is driving demand for memory chips, which benefits Western Digital and its competitors, including Micron and SanDisk [3][5]