JPMorgan and Morgan Stanley Bullish on Western Digital (WDC)

​On April 17, JPMorgan expert Samik Chatterjee raised the firm’s terms people connected Western Digital Corporation (NASDAQ:WDC) from $320 to $400, portion maintaining an Overweight standing connected the shares. The steadfast noted that the terms people accommodation is portion of its Q1 preview for the hardware and networking sector.

​JPMorgan anticipates beardown maturation for AI-related suppliers, including Western Digital, owed to rising investments successful AI infrastructure, including servers, switches, copper interconnects, and optical components. The steadfast has a affirmative presumption connected the institution amid these trends, contrasting with downgrades for 4 different names successful the group.

​In addition, connected April 6, Morgan Stanley raised the terms people connected Western Digital Corporation (NASDAQ:WDC) from $368 to $380, portion maintaining a Buy standing connected the shares. The steadfast cited accrued HDD request arsenic 1 of the cardinal factors down the bullish sentiment.

​Western Digital Corporation (NASDAQ:WDC) is an American institution that manufactures hard disk drives and different information retention products.

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