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Barchart
Barchart
Amit Singh

Western Digital Stock Is Up 1,115%. More Upside Is in Store.

Western Digital WDC

Western Digital (WDC) stock has delivered eye-popping returns for investors. Shares of the data storage company have surged more than 1,115% over the past year, thanks to booming artificial intelligence (AI) demand for high-performance storage and a favorable pricing environment.

The latest boost came after Morgan Stanley raised its price target on WDC stock to $650 from $488, citing robust demand for hard disk drives (HDDs) and continued pricing strength across the storage market. But after such an extraordinary rally, the key question is whether Western Digital stock still has room to run.

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