BofA, Western Digital 목표 주가 상향 조정

What happened: BofA, Citi, and Barclays have all raised their price targets on Western Digital (WDC) within the past month. Citi initiated this trend on June 2, increasing its target to $685 from $500, while Barclays raised its target to $620 from $450 on May 27. BofA followed suit on May 1, lifting its target to $572 from $495. These increases come amidst WDC's strong performance, with the stock up over 200% in the past six months, including a 45% year-over-year revenue growth in Q3 2026.

Market impact: The bullish sentiment from these prominent financial institutions is driving optimism in the data storage sector, with WDC being one of the 10 Best Data Center Stocks with Huge Upside Potential. The company's robust earnings and revenue growth, particularly in its hard disk drive segment, are pushing investors to reassess WDC's valuation and potential.

What to watch next: WDC's fiscal Q4 2026 earnings, scheduled for August 1, will be a critical catalyst, as investors will look for continued growth momentum. Additionally, any updates on WDC's strategic initiatives, such as its flash technology transition and data center expansion, could significantly impact the narrative. Lastly, changes in analyst ratings and price targets from other major financial institutions may further validate or challenge the current bullish sentiment.