Western Digital Stock Just Got a New Street-High Price Target. Should You Buy WDC Now?

Western Digital (WDC) has quietly staged a strong comeback over the past few months as investor enthusiasm around AI infrastructure and cloud storage continues to build. The data-storage specialist has benefited from rising demand for high-capacity drives, with Wall Street warming up to the idea that AI-driven data growth could fuel a multi-year upgrade cycle for hard disk technology.

Now the stock has another catalyst. On the heels of these announcements, Morgan Stanley lifted its price target to a Street-high $369, reaffirming WDC as a Top Pick, citing AI as a “sustainable tailwind” for data storage. The firm pointed to a robust technology roadmap, expanding margins, and long-term financial targets that suggest meaningful earnings power ahead.