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Barchart
Barchart
Aditya Raghunath

Hard Disk Drives Are Critical for AI but Western Digital Stock Is Still Underappreciated Here

Western Digital WDC Evercore ISI

Western Digital (WDC) looks like one of the more compelling AI infrastructure plays on the market right now, and Wall Street is starting to price that in more aggressively.

Evercore ISI raised its price target on Western Digital to $575 from $410 while maintaining its “Outperform” rating on the stock. The investment firm made the move following investor meetings with the company's investor relations team. WDC stock currently trades around $525, and the new target implies roughly 10% upside from here.

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