Analyst Recommendations: Mizuho has maintained an "Outperform" rating for Western Digital (WDC), with a one-year price target average of $104.10/share, indicating a potential downside of 17.50% from its current price of $126.19/share.
Institutional Ownership Trends: There has been a notable increase in institutional ownership of WDC, with 1,519 funds reporting positions, a rise of 11.61% in the last quarter, while the total shares owned by institutions increased by 2.94%.
Shareholder Activity: Bank of America significantly increased its holdings in WDC by 29.53%, while UBS Group and J.P. Morgan Chase reduced their stakes by 49.55% and 75.97%, respectively, indicating mixed sentiment among major shareholders.
Market Sentiment: The put/call ratio for WDC stands at 1.29, suggesting a bearish outlook among investors, despite the projected annual revenue growth of 114.93% for the company.
WDC
$177.02+Infinity%1D
Analyst Views on WDC
Wall Street analysts forecast WDC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WDC is 181.63 USD with a low forecast of 135.00 USD and a high forecast of 250.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
Wall Street analysts forecast WDC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WDC is 181.63 USD with a low forecast of 135.00 USD and a high forecast of 250.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 176.340
Low
135.00
Averages
181.63
High
250.00
Current: 176.340
Low
135.00
Averages
181.63
High
250.00
China Renaissance
initiated
$193
2025-12-05
Reason
China Renaissance
Price Target
$193
2025-12-05
initiated
Reason
China Renaissance initiated coverage of Western Digital with a Buy rating and $193 price target.
Citi
Asiya Merchant
Buy
maintain
$180 -> $200
2025-12-02
Reason
Citi
Asiya Merchant
Price Target
$180 -> $200
2025-12-02
maintain
Buy
Reason
Citi analyst Asiya Merchant raised the firm's price target on Western Digital to $200 from $180 and keeps a Buy rating on the shares. The firm cites the solid supply/demand backdrop in memory, limited production, sustained pricing momentum, and demand visibility now through 2027 for the target increase. Citi believes the acceleration of unstructured data generation from artificial intelligence tools is driving increased demand visibility.
BofA
Kris Sennesael
Buy
maintain
$170 -> $197
2025-11-20
Reason
BofA
Kris Sennesael
Price Target
$170 -> $197
2025-11-20
maintain
Buy
Reason
BofA raised the firm's price target on Western Digital to $197 from $170 and keeps a Buy rating on the shares. After having hosted an investor meeting with CFO Kris Sennesael, the firm walked away incrementally bullish on the stock, citing the view that HDD demand will remain greater than supply for the foreseeable future; the company's technology roadmap gives optionality to deliver strong exabyte growth; and strong execution is driving costs lower.
Loop Capital
Ananda Baruah
Buy
maintain
$190 -> $250
2025-11-10
Reason
Loop Capital
Ananda Baruah
Price Target
$190 -> $250
2025-11-10
maintain
Buy
Reason
Loop Capital analyst Ananda Baruah raised the firm's price target on Western Digital to $250 from $190 and keeps a Buy rating on the shares. The firm sees hard disk drive capacity demand moving higher in 2026 with selling price increased for higher capacity drives. The "materially accretive" economic dynamics for Seagate and Western Digital are "durable" and "remain in the beginning stages," the analyst tells investors in a research note.
About WDC
Western Digital Corporation is a developer, manufacturer and provider of data storage devices and solutions. It delivers hard disk drives (HDD) solutions for everyone from students, gamers, and home offices to enterprises and public clouds. The Company manufactures, markets, and sells data storage devices and solutions in the United States and in foreign countries through its sales personnel, dealers, distributors, retailers, and subsidiaries. Its portfolio of technology and products addresses multiple end markets: Cloud, Client, and Consumer. Cloud is comprised primarily of products for public or private cloud environments and end customers. Through the Client end market, it provides its original equipment manufacturer (OEM) and channel customers a range of hard drive solutions across personal computer, mobile, gaming, automotive, virtual reality headsets, at-home entertainment, and industrial spaces. The Consumer end market offers a range of retail and other end-user products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
