Western Digital climbs as analysts lift price targets ahead of late-April earnings

Western Digital Corporation (WDC) is up 5.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to fresh bullish analyst actions and continued “AI storage” optimism going into Western Digital’s next earnings report. The stock has also been supported by the company’s narrative that demand from large cloud customers is absorbing near-term high-capacity HDD supply, which can reinforce pricing and margin expectations.

Details:

A major Wall Street firm raised its price target on WDC to $405 and reiterated a positive rating, which can spur incremental buying from investors who track target changes.

Another large bank recently raised its WDC price target (while keeping a bullish stance), pointing to stronger expectations for revenue/margins relative to guidance ahead of the company’s next quarterly results.

Management has highlighted a multi-year, customer-commitment strategy and an accelerated high-capacity roadmap (including 40TB-class drives in qualification), reinforcing the view that storage is a key bottleneck for AI infrastructure buildouts.

With WDC’s next earnings release approaching (late April), positioning and optimism into the print can amplify upside moves when sentiment is already constructive.

Sources:

Western Digital (Company Newsroom), TipRanks (The Fly), Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$WDC Insider Trading Activity

$WDC insiders have traded $WDC stock on the open market 97 times in the past 6 months. Of those trades, 0 have been purchases and 97 have been sales.

Here’s a breakdown of recent trading of $WDC stock by insiders over the last 6 months:

MATTHEW E MASSENGILL has made 0 purchases and 11 sales selling 36,926 shares for an estimated $9,616,465.
VIDYADHARA K GUBBI (Chief of Global Operations) has made 0 purchases and 6 sales selling 41,486 shares for an estimated $8,641,191.
IRVING TAN (Chief Executive Officer) has made 0 purchases and 23 sales selling 40,000 shares for an estimated $8,122,615.
CYNTHIA L TREGILLIS (Chief Legal Officer & Corp Sec) has made 0 purchases and 9 sales selling 20,367 shares for an estimated $5,209,191.
MARTIN I COLE has made 0 purchases and 33 sales selling 22,000 shares for an estimated $4,218,910.
BRIAN SCOTT DAVIS (Chief Sales & Mrktng Officer) has made 0 purchases and 12 sales selling 10,000 shares for an estimated $2,791,602.
KIMBERLY ALEXY has made 0 purchases and 2 sales selling 3,768 shares for an estimated $592,436.
ROXANNE OULMAN sold 1,800 shares for an estimated $277,956

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$WDC Hedge Fund Activity

We have seen 696 institutional investors add shares of $WDC stock to their portfolio, and 461 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BANK OF AMERICA CORP /DE/ removed 10,316,359 shares (-46.1%) from their portfolio in Q4 2025, for an estimated $1,777,199,164
FMR LLC added 10,037,079 shares (+42.2%) to their portfolio in Q4 2025, for an estimated $1,729,087,599
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 7,791,559 shares (-73.5%) from their portfolio in Q4 2025, for an estimated $1,342,251,868
D. E. SHAW & CO., INC. removed 3,923,998 shares (-40.8%) from their portfolio in Q4 2025, for an estimated $675,987,135
UBS GROUP AG removed 2,779,175 shares (-37.9%) from their portfolio in Q4 2025, for an estimated $478,768,477
CITADEL ADVISORS LLC removed 2,407,840 shares (-64.6%) from their portfolio in Q4 2025, for an estimated $414,798,596
JPMORGAN CHASE & CO added 2,275,855 shares (+18.9%) to their portfolio in Q4 2025, for an estimated $392,061,540

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$WDC Analyst Ratings

Wall Street analysts have issued reports on $WDC in the last several months. We have seen 13 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Mizuho issued a "Outperform" rating on 02/04/2026
Wedbush issued a "Outperform" rating on 01/30/2026
Cantor Fitzgerald issued a "Overweight" rating on 01/30/2026
Wells Fargo issued a "Overweight" rating on 01/30/2026
Morgan Stanley issued a "Overweight" rating on 01/22/2026
Citigroup issued a "Buy" rating on 01/20/2026
B of A Securities issued a "Buy" rating on 01/20/2026

To track analyst ratings and price targets for $WDC, check out Quiver Quantitative's $WDC forecast page.

$WDC Price Targets

Multiple analysts have issued price targets for $WDC recently. We have seen 18 analysts offer price targets for $WDC in the last 6 months, with a median target of $330.0.

Here are some recent targets:

Tom O'Malley from Barclays set a target price of $405.0 on 04/22/2026
Timothy Arcuri from UBS set a target price of $350.0 on 04/21/2026
Harlan Sur from JP Morgan set a target price of $400.0 on 04/16/2026
Asiya Merchant from Citigroup set a target price of $405.0 on 04/13/2026
Erik Woodring from Morgan Stanley set a target price of $380.0 on 04/06/2026
Matt Bryson from Wedbush set a target price of $325.0 on 02/09/2026
Vijay Rakesh from Mizuho set a target price of $340.0 on 02/04/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.