WDC is trading at $365.14 (+4.28%), reaching a new 52-week high after a significant analyst upgrade.
- Citigroup raised its price target on Western Digital to $405.00 from a previous $335.00, maintaining its 'Buy' rating on the stock.
- The analyst upgrade reflects growing confidence in the company's performance, citing strong demand for data storage driven by the AI sector.
- The stock's movement is also part of a broader rally among semiconductor and data storage companies.