Bernstein Upgrades Western Digital to Outperform with $340 Price Target

Key Facts

1Sanford C. Bernstein upgraded Western Digital (WDC) to an 'Outperform' rating.

2The price target was set at $340, suggesting a potential upside of 35.1%.

3The upgrade follows strong quarterly earnings that surpassed EPS and revenue expectations.

Bernstein has upgraded Western Digital (WDC) from 'Market Perform' to 'Outperform', doubling its previous price target to reach $340. This bullish revision is driven by robust Q2 FY2026 financial results and accelerating demand for AI-related storage solutions. Analysts noted that recent market fears linked to Google’s 'TurboQuant' report are likely overstated, creating what they describe as an attractive entry point for investors. The firm's new target reflects significant confidence, surpassing the current Wall Street consensus price target of $321. Western Digital's strong performance in the semiconductor and data storage sectors remains a key driver for this upgrade. Investors are closely monitoring the stock as the company continues to capitalize on the evolving global demand for high-capacity data storage.

5 months ago

Version History

3 additional sources confirmed this story

Version 15 months ago

What changed: Added context on the previous rating, identified Google's TurboQuant report as a source of recent volatility, and included details on AI demand and the broader Wall Street consensus target.