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Morgan Stanley Bullish on Western Digital Despite 155% YTD Surge
Morgan Stanley Bullish on Western Digital Despite 155% YTD Surge
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BTCCSquare news:
Western Digital Corp. (WDC) shares have soared 155% in 2025, nearing record highs as Morgan Stanley names the data-storage firm a top pick. The bank nearly doubled its price target to $171—the highest on Wall Street—citing underappreciated demand for Core products.
Cloud infrastructure and AI spending are driving a multiyear growth cycle for Western Digital's HDD products, with Morgan Stanley forecasting 37% annual EPS growth through 2028. The stock gained 8% on September 29 alone, extending its September rally to 45%.
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