Western Digital Corp. (WDC) PT Raised to $180 at Baird

Baird analyst Tristan Gerra raised the price target on Western Digital Corp. (NASDAQ: WDC) to $180.00 (from $97.00) while maintaining a Outperform rating.

The analyst comments "Similar to its competitor, Western Digital does not plan on adding unit capacity, relying on higher-density migrations to meet EB growth demand. While risks exist notably on the timing of the HAMR ramp (initial production C1H27), the accelerated introduction schedule is meant to protect market share against Seagate which plans on 40TB+ offering with initial ramp starting C1H26. Stretched supply has led one hyperscaler to secure order through C2027. Outperform-rated"

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