Western Digital Corporation ($WDC) Stock Forecast: Down 8.2% Today

What is Western Digital Corporation?

Western Digital (WDC) recently announced strong financial results for the second quarter of fiscal 2026. The company attributed its performance to high demand from data centers and the increasing use of high-capacity hard disk drives in the AI solutions sector.

Why is Western Digital Corporation going down?

WDC stock is down 8.2% on Jan 30, 2026 17:05

• Despite exceeding earnings expectations and a revenue increase driven by AI demand, Western Digital's stock faced downward pressure.
• An adjustment of the stock price target by Goldman Sachs from $165 to $220 might have prompted profit-taking by investors, influencing the bearish trend.
• Market uncertainty, particularly in stock futures following uncertainties over the Federal Reserve leadership, could have negatively impacted Western Digital's stock.
• Concerns regarding the stock's possible overvaluation, indicated by significant gains over the past year and the current trading price surpassing the new price target, likely contributed to the bearish movement.

WDC Price Chart

WDC Technical Analysis

WDC News

Western Digital Q2 Earnings Beat, Top Line Jumps Y/Y on AI Demand Boom

Western Digital (WDC) reported strong second-quarter fiscal 2026 results, with non-GAAP earnings of $2.13 per share and revenue of $3.02 billion, both exceeding analyst expectations. This growth was primarily driven by robust demand from data centers and increased adoption of high-capacity hard disk drives, particularly due to the accelerating demand for AI solutions. The company also declared a cash dividend and provided an optimistic outlook for the third quarter, anticipating continued momentum in its data center segment.

https://sg.finance.yahoo.com/news/western-digital-q2-earnings-beat-131400148.html

Canaccord Genuity reiterates Buy rating on Stryker stock with $435 target

Canaccord Genuity has re-affirmed its Buy rating for Stryker (NYSE:SYK) and set a $435 price target, based on the medical technology company's solid quarterly performance and future growth prospects. Stryker exceeded Q4 earnings and revenue expectations, delivered double-digit growth across several segments for the full fiscal year, and anticipates strong revenue growth in 2026. The company also boasts a healthy financial score, consistent dividend payments, and an expected margin expansion despite tariff headwinds.

https://www.investing.com/news/analyst-ratings/canaccord-genuity-reiterates-buy-rating-on-stryker-stock-with-435-target-93CH-4475803

Stocks making the biggest moves premarket: Apple, Chevron, KLA, Sandisk & more

This article details the premarket stock movements of several major companies. Apple and Verizon saw their shares move positively after strong quarterly results, while Sandisk and Deckers Outdoor surged due to solid guidance and outlooks. Chevron and Exxon Mobil experienced slight dips despite beating earnings estimates, and KLA Corp. fell after providing a cautious earnings forecast.

https://www.cnbc.com/2026/01/30/stocks-making-the-biggest-moves-premarket-aapl-cvx-klac-sndk.html

Western Digital stock price target raised to $220 from $165 at Goldman Sachs

Goldman Sachs has raised its price target for Western Digital (NASDAQ: WDC) to $220 from $165, while maintaining a Neutral rating, following strong quarterly results and guidance that exceeded expectations. The stock is currently trading significantly above this new target and InvestingPro Fair Value estimates, suggesting potential overvaluation despite a substantial 462% gain over the past year. Analysts are optimistic about Western Digital's prospects due to continued pricing momentum, HDD shortages, and the accelerated qualification of HAMR technology.

https://www.investing.com/news/analyst-ratings/western-digital-stock-price-target-raised-to-220-from-165-at-goldman-sachs-93CH-4475436

Apple, Sandisk, Western Digital, KLA Corp., Microsoft, and More StockMovers

This article identifies Apple, SanDisk, Western Digital, KLA Corp., and Microsoft as today's key stock movers. The market is experiencing sharp declines in stock futures due to the impending announcement of President Donald Trump's pick to lead the Federal Reserve. Former Fed governor Kevin Warsh is considered the likely candidate.

https://www.barrons.com/articles/stock-movers-32382ebd?gaa_at=eafs&gaa_n=AWEtsqdzEQktOYVFiRlK8jUOmtBwN0XgPIjz_p02AnGzxOmyg3oo5Kd9U0qL&gaa_ts=697c91a3&gaa_sig=84aGzLsTRs9JcTW0nBWDWpfDjRWN96XP7zbo0k_MCUR9ZiBO_o9UPo52xtP_Vcnvbi0zzGNyGOvE5ZfD3tcKQw%3D%3D

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Western Digital Corporation Price History

29.00.2026 - WDC Stock was up 6.5%

• WDC stock surged to an all-time high of $284, closing up 10.79% at $279.70, driven by investor optimism ahead of its earnings report, showcasing confidence in the company's performance.
• Positive analyst ratings and a raised price target by Mizuho to $265 with an "outperform" rating further fueled investor enthusiasm, indicating a strong outlook for WDC.
• The new investment by Lbp Am Sa of $641,000 in WDC reflects growing confidence in the company's financial performance, despite insider selling activities, signaling a bullish sentiment towards the stock.
• The overall bullish market movement of WDC can be attributed to the anticipation of robust financial results, driven by data center demand and innovative data storage solutions, positioning the company for continued growth in the AI-driven economy.

26.00.2026 - WDC Stock was up 5.2%

• Resona Asset Management Co. Ltd. selling a portion of its stake in WDC did not deter other institutional investors like Norges Bank and Soroban Capital Partners from increasing their positions, reflecting strong confidence in the company's future prospects.
• Estate Counselors LLC's acquisition of WDC shares, coupled with positive analyst sentiment and AI-driven demand for storage solutions, contributed to the bullish movement in WDC stock.
• The anticipation of Seagate Technology's positive Q4 earnings and the soaring stock of SanDisk due to the AI memory crunch reshaping tech markets likely created a positive ripple effect in the semiconductor industry, benefiting companies like WDC.
• Despite UniSuper Management Pty Ltd cutting its stake in WDC, the overall market sentiment remains positive, supported by the company's strong Q3 earnings, dividend increase, and optimistic analyst ratings, indicating a robust outlook for the stock.

21.00.2026 - WDC Stock was up 5.6%

• The bullish movement in Western Digital's stock could be attributed to the positive sentiment from analysts, with multiple firms maintaining Buy ratings and setting price targets above the current trading price.
• Analysts' bullish sentiments, especially from Citi and Mizuho Securities, may have instilled confidence in investors, leading to increased buying activity and driving the stock price higher.
• Despite the average analyst target suggesting a slight downside from current levels, the overall 'Strong Buy' consensus on Western Digital indicates a positive outlook for the company's future performance.
• This positive market sentiment contrasts with the news of Seagate Technology Holdings PLC experiencing a decrease in stake by QRG Capital Management Inc., potentially highlighting Western Digital's relative strength in the sector.

21.00.2026 - WDC Stock was up 9.3%

• Western Digital's stock surged nearly 7% as analysts raised their price targets ahead of the company's earnings report and Innovation Day, driven by strong cloud demand and innovative storage technologies.
• The positive sentiment from analysts and the anticipation of new AI-driven storage solutions showcased during the Innovation Day contributed to the bullish momentum.
• Investors are closely monitoring the upcoming earnings report for any insights on cloud orders and margin forecasts, as any deviations from expectations could impact the stock's performance.
• Despite the bullish movement, analysts suggest caution, noting that any potential decline in cloud orders or failure to meet margin forecasts could reverse the positive trend in Western Digital's stock.

15.00.2026 - WDC Stock was up 6.4%

• WDC stock experienced a bullish movement as retail traders showed interest in AI storage names, defying broader market trends.
• Rising memory and storage component prices are creating a favorable environment for companies like Western Digital, leading to increased investor optimism.
• Anticipation surrounding the company's upcoming earnings report on January 29, providing insights into demand and pricing trends, is contributing to the positive sentiment towards WDC stock.
• The focus on AI workloads reshaping storage vendor strategies underscores the importance of adapting to technological advancements, a factor that could further benefit companies like Western Digital in the long term.

15.00.2026 - WDC Stock was up 6.7%

• Western Digital's stock has hit a record high of $221.50 and is trading even higher at $224.50, indicating strong market confidence in the company's growth and performance.
• The recent investment in quantum computing firm Qolab and the robust demand in the data storage sector are encouraging signs that may be influencing the positive market movement.
• The interest from retail investors in memory and data-storage company shares, driven by expectations of AI expansion, is further bolstering Western Digital's stock.
• The increasing prices of memory and storage components, including recent concerns about Apple and other tech hardware firms facing challenges, could be contributing to Western Digital's revenue and profitability growth.

28.00.2026 - WDC Stock was up 9.7%

• Western Digital Corporation (WDC) experienced a strong bullish movement today.
• The increase in institutional holdings by Vanguard Personalized Indexing Management LLC and J. Safra Sarasin Holding AG indicates growing confidence in WDC's financial performance and future prospects.
• Analysts' positive sentiment, driven by strong data-center demand and a memory price upcycle, has contributed to the bullish trend in WDC's stock.
• The overall positive performance of tech companies like Nextpower Inc. and Seagate Technology Holdings PLC in pre-market trading has likely boosted investor confidence in the tech sector, further supporting WDC's bullish movement.

28.00.2026 - WDC Stock was up 11.3%

• WDC's stock price surged by 9.25% following strategic price target increases from top analysts, highlighting the company's strong position in the tech landscape.
• Factors such as AI server demand, data center investments, and advanced HAMR technology contributed to the bullish trend, along with solid financial performance.
• The increase in stake by Vanguard Personalized Indexing Management LLC further boosted investor confidence in WDC, despite some insider selling in the last quarter.
• This positive momentum contrasts with CDW Corp hitting a 52-week low, reflecting broader market pressures and slightly below estimated revenue and Q4 guidance, leading to analyst downgrades.

28.00.2026 - WDC Stock was up 11.8%

• An increase in stake by J. Safra Sarasin Holding AG reflects positive sentiment and confidence in WDC's future performance.
• The bullish movement in WDC could be attributed to the positive outlook for the data storage sector, as seen in Seagate Technology's pricing power and earnings.
• Anticipation of Western Digital's Q4 earnings results, with analysts expecting robust revenue growth and adjusted earnings, likely contributed to the bullish sentiment surrounding the stock.
• The performance of related companies like Seagate Technology and KLA, as well as positive market sentiment in the semiconductor sector, may have also influenced the bullish movement in WDC.

30.00.2026 - WDC Stock was down 5.1%

• Despite surpassing earnings and revenue expectations, WDC witnessed a decline in its stock price recently.
• A price target increase by Goldman Sachs was overshadowed by the stock trading above this target, suggesting possible overvaluation.
• Market sentiment, impacted by uncertainties surrounding Federal Reserve leadership, likely influenced the recent downturn in WDC's stock.
• Despite Western Digital's robust financial results and optimistic future prospects, investors are exercising caution amidst concerns about overvaluation and the overall market climate.

27.00.2026 - WDC Stock was up 5.2%

• Western Digital's stock experienced a bullish movement likely due to positive analyst sentiment and a price target increase, reflecting anticipated higher average selling prices for nearline hard disk drives.
• The upcoming Q2 earnings report with expectations of a rise in earnings per share and potential revenue growth also contributed to the bullish sentiment.
• Despite the comparison with another company, Western Digital's strategic focus on AI-driven data growth and innovation seems to have resonated well with investors, leading to the bullish market movement.

30.00.2026 - WDC Stock was down 8.2%

• Despite exceeding earnings expectations and a revenue increase driven by AI demand, Western Digital's stock faced downward pressure.
• An adjustment of the stock price target by Goldman Sachs from $165 to $220 might have prompted profit-taking by investors, influencing the bearish trend.
• Market uncertainty, particularly in stock futures following uncertainties over the Federal Reserve leadership, could have negatively impacted Western Digital's stock.
• Concerns regarding the stock's possible overvaluation, indicated by significant gains over the past year and the current trading price surpassing the new price target, likely contributed to the bearish movement.