Baird analyst, Tristan Gerra, reiterated his Outperform rating on shares of Western Digital Corp. (NASDAQ: WDC) on the belief that NAND flash tightness could extend into next year, and positively impact Western Digital's Sandisk business.

The analyst believes that the tight NAND flash market is being driven by the combination of a new secular NAND flash demand cycle (enterprise SSDs) while a major technology transition (3D NAND) will likely impact supply next year.

No change to $65 price target.

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Shares of Western Digital Corp. closed at $47.55 yesterday.