Western Digital Corporation is trading 4.2% up at $568.95 after Citigroup significantly raised its 12-month price target to $685 from $500 and reiterated a Buy rating.
- Analysts highlighted strong data storage demand and the company's strategic positioning to benefit from AI-driven infrastructure needs.
- The bullish call reinforces positive market sentiment following a powerful recent run for the shares, which are currently trading well above prior consensus targets.