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Data storage provider Western Digital Corporation (WDC) recently received a price target hike from analysts at Mizuho from $470 to $550, as agentic AI-related tailwinds are expected to create some prospects for the company. Agentic AI has moved beyond being just a concept and is posing a transformational change in the tech landscape. These AI agents make goal-based decisions and can act independently in different situations.
Given the demand for this technology, Mizuho analysts expect dynamic random-access memory (DRAM) contract prices to rise 35% quarter-over-quarter in the second quarter of 2026, a huge jump from the previously expected 16% growth.