Western Digital stock gets Zacks upgrade as storage outlook holds

Published on 11/05/2026 at 14:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Western Digital stock drew a Zacks Research upgrade to Strong Buy as analysts weigh stronger earnings and storage demand. The consensus target remains 591.04 US dollars.

Analyst upgrade and storage outlook

Zacks Research raised Western Digital from Hold to Strong Buy, according to MarketBeat.
MarketBeat cited a consensus price target of 591.04 US dollars and a Moderate Buy average rating.
Fiscal first-quarter revenue rose 55.5 percent year over year to 4.38 billion US dollars.

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Western Digital stock traded at 275.18 euros on Lang & Schwarz at 14:17 CET on Thursday, November 5, 2026, 4.96 percent below the Xetra close of Wednesday, November 4. The move came as MarketBeat reported an upgrade by Zacks Research from Hold to Strong Buy.

The rating change adds a fresh analyst signal to the storage maker's investment case after a strong fiscal first quarter. MarketBeat's report said Western Digital's average analyst rating was Moderate Buy, based on two Strong Buy ratings, 21 Buy ratings and five Hold ratings. The consensus price target stood at 591.04 US dollars.

Earnings momentum supports the upgrade

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, exceeding the analyst consensus of 4.11 US dollars. The company posted 1.78 US dollars per share in the same quarter a year earlier.

The results give analysts a stronger operating base for the current fiscal year. MarketBeat cited a full-year earnings forecast of 23.62 US dollars per share. The company serves data-center, cloud, enterprise and consumer markets with hard drives and related storage products, leaving its outlook closely tied to capacity demand and infrastructure spending.

Target prices show a wide range

Analyst views remain spread across a broad range despite the latest upgrade. Cantor Fitzgerald lowered its target from 900 US dollars to 625 US dollars while retaining an Overweight rating. Wells Fargo reduced its target from 730 US dollars to 450 US dollars and also kept an Overweight rating.

Other published targets included 540 US dollars from Goldman Sachs, 490 US dollars from Mizuho and 770 US dollars from Bernstein. The range signals that analysts see material upside potential but differ on how much of Western Digital's earnings improvement should be reflected in the share price.

At the current European quote, the stock remains below the previous Xetra session's close. The price comparison puts the latest trading level in the context of the recent pullback, while the analyst upgrade points to continued confidence in the company's earnings trajectory. It does not remove execution, valuation or storage-cycle risks for investors.

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