Western Digital Corporation ($WDC) Stock Forecast: Up 6.7% Today

What is Western Digital Corporation?

Western Digital Corporation (WDC) is a leading data storage company known for hard disk drives and solid-state drives. The company is currently seeing a positive market movement.

Why is Western Digital Corporation going up?

WDC stock is up 6.7% on Jan 15, 2026 17:41

• 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.

WDC Price Chart

WDC Technical Analysis

WDC News

Western Digital stock hits all-time high at 221.5 USD

Western Digital Corporation's stock has reached an all-time high of $221.50, and is trading even higher at $224.50, reflecting a 341.94% increase over the past year. The company boasts a market capitalization of $73.5 billion and 75.22% revenue growth, with analysts maintaining positive ratings and increasing price targets. Recent developments include a strategic investment in quantum computing company Qolab and ongoing strong demand in the data storage industry.

https://www.investing.com/news/company-news/western-digital-stock-hits-alltime-high-at-2215-usd-93CH-4449946

Intuit Stock Drops 6% After Sharp Downgrades: Are We Looking at a ‘Difficult’ 2026?

Intuit (INTU) stock dropped 6% following multiple analyst downgrades, including Wells Fargo and Goldman Sachs, due to concerns about high expectations and challenging year-over-year comparisons for 2026 after a strong 2025 tax season. Analysts question if Intuit can replicate its previous growth in the assisted tax market and raise concerns about increasing competition and the early stages of its AI and mid-market strategies. Despite solid Q1 results, Q2 profit guidance fell below expectations, contributing to the market's apprehension regarding the company's near-term performance.

https://www.tikr.com/blog/intuit-stock-drops-6-after-sharp-downgrades-are-we-looking-at-a-difficult-2026

Apple and Tech Hardware Stocks Face ‘Crisis’ as Memory Prices Soar

Soaring memory and storage component prices are creating a crisis for hardware companies like Apple and HP Inc. While memory manufacturers like Sandisk, Micron, and Western Digital have seen significant stock gains, their customers face pressure due to the rising cost of these essential components, a situation not expected to reverse soon. Apple's stock performance in 2025 was its worst since 2022, rising only 8.6%.

https://www.bloomberg.com/news/articles/2026-01-15/apple-tech-hardware-stocks-face-crisis-as-memory-prices-soar

Western Digital stock closes higher as retail traders chase AI storage names into next session

Western Digital shares rose roughly 0.5% on Wednesday, defying a Nasdaq downturn, as retail investors poured money into memory and data-storage stocks, fueled by expectations of AI expansion driving demand. The company's upcoming earnings report on January 29 is highly anticipated for insights into demand and pricing trends, while traders closely watch if the retail buying momentum in storage stocks can sustain itself amidst broader tech market volatility.

https://ts2.tech/en/western-digital-stock-closes-higher-as-retail-traders-chase-ai-storage-names-into-next-session/

Seagate Technology (STX) Valuation Check After 32TB AI Storage Launch And Strong Recent Share Price Momentum

Seagate Technology (STX) recently launched new 32TB hard drives for AI-driven video analytics, following significant stock price momentum over the past year. While a "most popular narrative" suggests STX is 7.2% overvalued at US$318.44 with a fair value of US$297, a Discounted Cash Flow (DCF) model points to an undervaluation with a fair value of US$403.78, highlighting differing perspectives on future earnings and returns. Investors are encouraged to consider these varied analyses and potential risks to AI storage demand.

https://simplywall.st/stocks/us/tech/nasdaq-stx/seagate-technology-holdings/news/seagate-technology-stx-valuation-check-after-32tb-ai-storage

Trending Today

Vaulta (prev.EOS) ($A) Crypto Forecast: Down 9.5% Today

Litecoin ($LTC) Crypto Forecast: Down 6.9% Today

Sui ($SUI) Crypto Forecast: Down 11.9% Today

Cardano ($ADA) Crypto Forecast: Down 6.9% Today

Solana ($SOL) Crypto Forecast: Down 6.1% Today

Pepe ($PEPE) Crypto Forecast: Down 10.2% Today

Shiba Inu ($SHIB) Crypto Forecast: Down 6.6% Today

Dogecoin ($DOGE) Crypto Forecast: Down 7.6% Today

XRP ($XRP) Crypto Forecast: Down 5.0% Today

Dash ($DASH) Crypto Forecast: Up 10.2% Today

Western Digital Corporation Price History

09.00.2026 - WDC Stock was up 5.7%

• WDC observed a bullish trend amid a market shift away from the technology sector, with investors reallocating investments into areas like defense stocks following a proposed $1.5 trillion defense budget announcement.
• The cooling period in the AI-related memory and storage sector, affecting companies such as Seagate and SanDisk, may have played a role in the initial market volatility, but did not hinder WDC's upward momentum.
• Despite facing some volatility, WDC's recent surge driven by AI optimism and long-term growth prospects positioned it favorably in the market.
• Market sentiment influenced by macroeconomic factors, upcoming earnings releases, and geopolitical uncertainties impacted trading dynamics for WDC and its counterparts.

13.00.2026 - WDC Stock was up 5.1%

• Western Digital's stock saw a significant increase of 6% following the announcement of its upcoming earnings report scheduled for January 29th.
• The positive market outlook on Western Digital is influenced by a reduction in NAND pricing pressures and an overall improvement in sentiment within the memory and storage sectors, contributing to the recent growth in the company's stock price.
• Concerns have been raised by analysts regarding the stock possibly being slightly overvalued compared to its current market price, with the company's strong performance and improved pricing already considered in its valuation.
• Market participants, both traders and investors, are closely observing Western Digital's performance, particularly with regard to artificial intelligence (AI) and cloud sector expenditures, to gauge whether the demand for storage solutions remains tied to these factors.

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.

12.00.2026 - WDC Stock was up 5.0%

• WDC's stock showed positive momentum today, despite recent reports of insider selling activities that raised concerns about the stock's strength.
• Seagate's robust performance and revenue growth in the data center sector, attributed to high demand for storage solutions in AI applications and growing data volumes, may have impacted market perceptions favorably towards companies like WDC.
• The notable increase in Seagate's stock value, surpassing industry standards, likely influenced a positive ripple effect on WDC's stock, despite internal selling activities within Western Digital signaling potential challenges ahead.
• Today's overall bullish trend in WDC's stock could reflect investor confidence in the growth potential of the data storage industry, particularly amid rising demands in data centers and technological advancements.

08.00.2026 - WDC Stock was down 7.0%

• The stock of Western Digital experienced a notable downturn, declining by almost 9% after-hours.
• This drop in WDC shares was linked to the market's correction from a previous surge inspired by positive sentiment surrounding AI hardware and storage technology announcements from Nvidia during CES.
• Factors such as weaker U.S. labor metrics and the anticipation of upcoming economic reports played a role in the market's movements, leading some memory and storage stocks to give up recent gains.
• Market participants are currently keeping a close watch on the upcoming earnings season to gain insights into the capital expenditure plans of major tech companies and their potential impact on storage orders, which could influence Western Digital's performance moving forward.

08.00.2026 - WDC Stock was down 8.2%

• The decline in Western Digital's stock price is linked to the overall market trend of investors moving away from tech stocks and taking profits after a recent upswing.
• Investors have redirected their investments from high-growth tech companies, particularly those involved in AI, to defense stocks in response to a proposed increase in the defense budget by President Trump.
• Market analysts believe that the recent price decline in solid companies like Western Digital could present attractive buying opportunities for investors seeking long-term growth prospects.
• The upcoming earnings report from Western Digital is eagerly awaited, with experts forecasting a substantial year-over-year growth in adjusted EPS. This growth reflects the company's strong performance and positive outlook on the increasing demand for data center services.

06.00.2026 - WDC Stock was up 17.4%

• WDC's stock surged by 14.52% due to price target increases from Cantor Fitzgerald and Morgan Stanley, as well as its inclusion in the Nasdaq-100 Index, indicating strong growth prospects and investor interest.
• The announcement of a new storage technology at CES by Nvidia's CEO led to a boost in storage and memory stocks, including WDC, due to the rising demand for AI infrastructure and positive conditions in the memory market.
• The positive sentiment in the memory chip sector, illustrated by companies like Micron witnessing significant growth and receiving "Strong Buy" recommendations from analysts, further supported the bullish movement in WDC's stock.
• The uptrend in WDC's stock contrasts with the record high reached by Newmont Goldcorp (NEM) stock, highlighting distinct market dynamics and investor preferences between the technology and mining sectors.

06.00.2026 - WDC Stock was up 13.4%

• Western Digital (WDC) saw a significant uptick in its stock price today, driven by its strong performance in the AI and storage sectors.
• The surge in Western Digital's stock can be linked to the rising need for storage solutions, especially in enterprise HDDs and nearline storage areas.
• Challenges faced by HP (HPQ) in the PC and printing markets, along with changes in customer preferences, may have contributed to Western Digital's market outperformance.
• The optimistic industry outlook and growth potential in AI and storage solutions have bolstered investor confidence in Western Digital, prompting its bullish performance today.

07.00.2026 - WDC Stock was down 7.0%

• Despite Western Digital's strong market position and AI data center focus, its stock trended downwards today.
• Generally, the market experienced a decline, impacting stocks like Western Digital and Hecla Mining.
• The decline in stock value could be linked to investors taking profits following a period of stock growth, alongside broader market influences driving stock prices down.
• While Western Digital's future outlook remains positive, short-term market shifts and profit-taking actions likely influenced today's stock downturn.

07.00.2026 - WDC Stock was down 8.6%

• WDC witnessed a notable decline in its stock value today, reflecting the overall market trend where stocks were generally trading lower.
• The decrease in WDC's stock value could be linked to the AI storage market stabilization, mirroring Seagate's stock performance which declined after a surge in demand.
• The fluctuating storage market, influenced by various factors including AI storage demand assessments from industry experts and impending financial disclosures, likely contributed to the downward movement in WDC's stock.
• Although WDC stands to benefit from the rising demand for memory in AI data centers, external market sentiments and investors' profit-taking activities due to the inherent volatility of memory cycles may have affected its stock performance.

07.00.2026 - WDC Stock was down 5.5%

• WDC's stock experienced a significant increase of 24.6% today, reflecting investors' upbeat reaction to the company's focus on AI-centric cloud storage.
• The rising demand for high-capacity hard drives, particularly for AI and cloud data centers, has been a key factor contributing to the bullish performance of WDC's stock.
• By targeting enterprise and hyperscale clients and being included in the Nasdaq-100, WDC has solidified its position as a primary infrastructure provider for generative AI, instilling confidence in shareholders.
• Nonetheless, concerns regarding customer concentration may pose risks to future earnings stability, underscoring the importance for WDC to broaden its customer base for sustained growth in the long term.