Citi Remains Bullish on Western Digital Corporation (WDC) – Here’s Why

3 hours ago 1

Noor Ul Ain Rehman

Tue, June 9, 2026 astatine 12:25 PM CDT 1 min read

Western Digital Corporation (NASDAQ:WDC) is 1 of the champion NASDAQ stocks to bargain and clasp for 3 years. Citi lifted the terms people connected Western Digital Corporation (NASDAQ:WDC) to $685 from $500 connected June 2 and maintained a Buy standing connected the shares. The steadfast raised its estimates successful the hard disk thrust space, citing manufacture proviso subject and AI-led request strength, further telling investors successful a probe enactment that this should enactment sustainable pricing power.

Bank of America Points to Supply-Demand Imbalance Favoring Western Digital (WDC)

Western Digital Corporation (NASDAQ:WDC) besides received a standing update from Wells Fargo connected June 1. The steadfast raised the terms people connected the banal to $575 from $500 and reiterated an Overweight standing connected the shares. It stated that past week it hosted meetings connected its 4th Annual Wells Fargo Silicon Valley Bus Tour, the week before, and each 1 of them had a affirmative request tone, ranging from AI information halfway build-outs to the proliferation of AI inferencing / Agentic AI, driving important incremental server CPU request and continued drives of representation expansion.

Western Digital Corporation (NASDAQ:WDC) is progressive successful the development, manufacture, marketing, and merchantability of information retention devices and solutions.

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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