Wall Street Raises WDC Price Targets to $1,050 Amid HDD Super-Cycle Expectations Since June

Multiple Wall Street firms including Morgan Stanley, Bank of America Securities, and Cantor Fitzgerald raised Western Digital (WDC) price targets since June, with the highest target reaching $1,050, driven by expectations of an HDD super-cycle. Analysts cited AI data center demand, which is projected to grow 40–50% annually, while HDD supply increases only 30–35%, creating a favorable pricing environment. WDC expects earnings per terabyte to rise through 40TB+ high-capacity drives, with incremental gross margins reaching 70–75%. The company will release fourth-quarter fiscal 2026 earnings on July 29, with market focus on high-capacity product shipments and margin performance.
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