What's Going on With Western Digital Stock on Wednesday?
Western Digital Corporation (NASDAQ: WDC) filed a Form 8-K on Wednesday disclosing exchange agreements for $191 million in convertible senior notes.
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TD Cowen Maintains Buy on Western Digital, Raises Price Target to $540
TD Cowen analyst Krish Sankar maintains Western Digital (NASDAQ:WDC) with a Buy and raises the price target from $500 to $540.
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8-K filing — WESTERN DIGITAL CORP (WDC)
Filed: 2026-08-26 AccNo: 0001193125-26-365796 Size: 162 KB Item 3.02: Unregistered Sales of Equity Securities Item 8.01: Other Events
Read original at edgarPrediction: This Memory Stock Will Soar 165% in 3 Years (Hint: It's not Micron or Sandisk)
Western Digital (WDC) has surged 465% over the past year and could climb another 165% in three years, driven by AI data center demand for storage. The company reported 36% revenue growth and 104% EPS growth in fiscal 2026, with guidance suggesting 45% revenue growth and 125% EPS growth in the current quarter. Management has sold out 2026 capacity and is negotiating long-term supply agreements through 2031, indicating sustained demand. At 17x earnings with consensus EPS expected to reach $44.83 by fiscal 2029, analysts believe the stock could reach $1,165.
Read original at the-motley-foolAI Bubble Could Be Ready to Pop and Jim Cramer May Be the Warning Sign
Former hedge fund manager thinks the AI bubble could be close to popping and Jim Cramer could be one of the reasons why.
Read original at benzinga