Western Digital shares saw a significant jump in after-hours trading following Cantor Fitzgerald raising its price target to $420, citing improved growth and profitability expectations. The company is actively focusing on the AI data center market with plans for larger drives and multi-year contracts. Investors are now looking forward to upcoming jobs and CPI data for further market direction.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Western Digital stock jumps nearly 9% — WDC rally turns on targets, AI storage talk
Western Digital shares saw a significant jump in after-hours trading following Cantor Fitzgerald raising its price target to $420, citing improved growth and profitability expectations. The company is actively focusing on the AI data center market with plans for larger drives and multi-year contracts. Investors are now looking forward to upcoming jobs and CPI data for further market direction.