Western Digital Corp. (WDC) PT Raised to $300 at Argus

Argus analyst Jim Kelleher raised the price target on Western Digital Corp. (NASDAQ: WDC) to $300.00 (from $180.00) while maintaining a Buy rating.

The analyst comments "BUY-rated Western Digital Corp. (NYSE: WDC) fell 10% in a down market on January 30 after the memory and data storage company exceeded revenue and non-GAAP profits for fiscal 2Q26. With financial results for all periods adjusted to exclude the flash business, fiscal 2Q26 revenue rose 25% to $3.02 billion. Non-GAAP EPS totaled $2.13 per diluted share and was up 52% from a restated $1.40 in fiscal 2Q25. The stock fell post-results despite fiscal 3Q26 guidance that was above prereporting consensus estimates and consistent with strong double-digit sales and EPS growth."

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