Western Digital Stock Climbs 3% Overnight as Morgan Stanley Hikes Target to $650

Western Digital Corp. (WDC) gained 3% in overnight trading Tuesday (June 17), extending a four-day rally that lifted the stock nearly 40%, according to Stocktwits data. Morgan Stanley raised its price target on WDC to $650 from $488 on Monday, citing stronger hard-disk drive demand and on-track product launches including UltraSMR and HAMR. Retail trader sentiment on Stocktwits climbed into the 'extremely bullish' zone (90/100), with traders targeting $1,000—betting the memory semiconductor supercycle will lift all major producers, not just industry favorites Micron and SanDisk.
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