Western Digital stock gets Strong Buy upgrade as outlook holds

MarketBeat reported on Thursday, November 5, 2026, that Zacks Research raised Western Digital from Hold to Strong Buy. The MarketBeat report cited a Moderate Buy consensus and a 591.04 US dollar average price target.

Western Digital stock traded at 238.35 euros on Lang & Schwarz at 17:03 CET on Thursday, November 5, 2026, 17.68 percent below the Xetra close of Wednesday, November 4. Investors can follow the real-time quote of Western Digital stock.

Quarterly earnings support the signal

Western Digital reported fiscal first-quarter revenue of 4.38 billion US dollars, up 55.5 percent from the prior-year quarter, according to MarketBeat. Earnings reached 4.64 US dollars per share, above the 4.11 US dollar analyst consensus and the 1.78 US dollars reported a year earlier.

The results give the upgrade a stronger operating backdrop, but they do not remove execution, valuation or storage-cycle risks. Western Digital serves data-center, cloud, enterprise and consumer markets, leaving its outlook linked to capacity demand and infrastructure spending.

Analysts retain different price views

MarketBeat said two analysts held Strong Buy ratings, 21 issued Buy ratings and five assigned Hold ratings. The range of published targets remains broad: Cantor Fitzgerald set 625 US dollars after cutting its target from 900 US dollars, while Wells Fargo reduced its target from 730 US dollars to 450 US dollars.

Goldman Sachs, Mizuho and Bernstein cited targets of 540 US dollars, 490 US dollars and 770 US dollars, respectively. The spread shows that analysts remain divided on how much of Western Digital's earnings improvement should be reflected in the share price.

The S&P 500 provides the relevant broad US equity market backdrop for Western Digital stock.

More news and analyses on Western Digital stock will track further analyst revisions and the company's next earnings outlook.