Citigroup raised its Western Digital price target to $405. The previous target stood at $335. The bank announced the revision on April 13, 2026.
The firm reaffirmed its Buy rating for the stock. Analysts cited solid storage supply and demand alongside improving pricing dynamics. Artificial intelligence is accelerating the generation of unstructured data.
The move reflects a broader trend of positive sentiment as competitors also see increased price targets. This outlook underscores an AI supercycle for infrastructure hardware providers. Western Digital stock traded higher following the announcement.