Western Digital Corp. (WDC) PT Raised to $257 at BofA Securities

BofA Securities analyst Wamsi Mohan raised the price target on Western Digital Corp. (NASDAQ: WDC) to $257.00 (from $197.00) while maintaining a Buy rating.

The analyst comments "We expect WDC to report rev, margins and EPS at the top of the guidance range when it reports F2Q26 after market close on Jan 29th. We see a stable pricing environment as demand continues to outpace supply, and expect $/TB to be flat to up y/y. We model GM +90bps q/q to 44.8% (vs. guidance mid-pt of 44.5%), and model GM increasing q/q for every quarter in CY26. We see incremental margins sustaining above 50%. We do not see any impact for WDC not yet having HAMR as customers look to maximize their EB capacity and WDC continues to ramp ePMR/UltraSMR. Reiterate Buy on WDC on secular growth of HDD market, strong EB growth driven by improved mix and further GM upside."

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