Western Digital Price Target Raises Across the Board

Multiple brokerages raise price targets for Western Digital, citing strong demand. Analysts at Baird, Rosenblatt, Morgan Stanley, Wells Fargo, Citi, and UBS raised their price targets for Western Digital to between $450 and $500 from between $310 and $380.

Investors received a boost from a flurry of bullish broker analysis on Western Digital shares, with several major brokerages raising their price targets. On May 1, 2026, Baird adjusted its price target to $450 from $310, maintaining an 'Outperform' rating. Other brokerages followed suit, with Rosenblatt increasing its target to $500 from $340, and Morgan Stanley setting a target of $488 from $380.

Wells Fargo and Citigroup also raised their targets to $500 from $335. These increases reflect the analysts' optimism about strong demand for Western Digital's products, despite some conflicting estimates. UBS raised its target to $375 on the basis of improved margins.

The consensus among the brokerage firms is that Western Digital will continue to perform strongly, driven by solid demand for its hard drives.

Western Digital Price Target Raises Across the Board

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