Hard Disk Drive Market Growth Bodes Well for Western Digital (WDC)

On May 27, Barclays expert Tom O'Malley accrued the terms people connected Western Digital Corp. (NASDAQ:WDC) from $450 to $620. The steadfast maintained an Overweight standing connected the stock, which present offers a revised upside imaginable of astir 26%.

The expert believes that, aft accelerators, the astir compelling semiconductor conception is representation and storage. Given that supply-demand restrictions are anticipated to persist done 2027, O'Malley predicted that prices volition proceed to increase. The expert besides anticipated that caller declaration agreements, merchandise introductions, and a increasing inclination towards 40TB drives would thrust the hard disk thrust market's biggest pricing benefits aboriginal this year.

On May 26, Amit Daryanani from Evercore ISI accrued the people terms connected Western Digital Corp. (NASDAQ:WDC) from $500 to $575, resulting successful an adjusted upside imaginable of astir 17%. The expert besides maintained an Outperform standing connected the banal pursuing immoderate capitalist meetings.

According to Daryanani, the company, on with the broader hard disk thrust market, appears undervalued close now. But it remains captious wrong the existent AI infrastructure boom, and the institution tin make higher gross than exabyte growth.

Western Digital Corp. (NASDAQ:WDC) manufactures and sells information retention solutions globally, utilizing hard disk thrust (HDD) technology. The products see outer and portable drives, information halfway drives, information halfway platforms, interior HDDs, NAS for location and office, and more. It sells its products done its income personnel, dealers, distributors, machine manufacturers, and retailers.

While we admit the imaginable of WDC arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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