Recent Research Analysts’ Ratings Changes for Western Digital (WDC)

Western Digital (NASDAQ: WDC) has recently received a number of price target changes and ratings updates:

• 6/22/2026 – Western Digital was downgraded by Fox Advisors from “overweight” to “equal weight”.
• 6/15/2026 – Western Digital had its price target raised by Morgan Stanley from $488.00 to $650.00. They now have an “overweight” rating on the stock.
• 6/12/2026 – Western Digital had its price target raised by JPMorgan Chase & Co. from $530.00 to $650.00. They now have an “overweight” rating on the stock.
• 6/8/2026 – Western Digital had its price target raised by Mizuho from $550.00 to $685.00. They now have an “outperform” rating on the stock.
• 6/2/2026 – Western Digital had its price target raised by Citigroup Inc. from $500.00 to $685.00. They now have a “buy” rating on the stock.
• 6/1/2026 – Western Digital had its price target raised by Wells Fargo & Company from $500.00 to $575.00. They now have an “overweight” rating on the stock.
• 5/27/2026 – Western Digital had its price target raised by Barclays PLC from $450.00 to $620.00. They now have an “overweight” rating on the stock.
• 5/26/2026 – Western Digital had its “outperform” rating reaffirmed by Evercore Inc. They now have a $575.00 price target on the stock.
• 5/26/2026 – Western Digital was given a new $575.00 price target by Jefferies Financial Group Inc..
• 5/15/2026 – Western Digital was upgraded by Weiss Ratings from “buy (b-)” to “buy (b)”.
• 5/6/2026 – Western Digital was upgraded by Zacks Research from “hold” to “strong-buy”.
• 5/4/2026 – Western Digital had its price target raised by Robert W. Baird from $310.00 to $450.00. They now have an “outperform” rating on the stock.
• 5/2/2026 – Western Digital was upgraded by Wall Street Zen from “hold” to “buy”.
• 5/1/2026 – Western Digital had its “buy (b-)” rating reaffirmed by Weiss Ratings.
• 5/1/2026 – Western Digital had its price target raised by TD Cowen from $325.00 to $500.00. They now have a “buy” rating on the stock.
• 5/1/2026 – Western Digital had its “neutral” rating reaffirmed by The Goldman Sachs Group, Inc.. They now have a $400.00 price target on the stock.
• 5/1/2026 – Western Digital had its price target raised by Cantor Fitzgerald to $660.00. They now have an “overweight” rating on the stock.
• 5/1/2026 – Western Digital was given a new $470.00 price target by Mizuho.
• 5/1/2026 – Western Digital had its “outperform” rating reaffirmed by Evercore Inc. They now have a $500.00 price target on the stock.
• 5/1/2026 – Western Digital had its price target raised by Wells Fargo & Company from $335.00 to $500.00. They now have an “overweight” rating on the stock.
• 5/1/2026 – Western Digital had its price target raised by Citigroup Inc. from $405.00 to $500.00. They now have a “buy” rating on the stock.
• 5/1/2026 – Western Digital had its “overweight” rating reaffirmed by Morgan Stanley. They now have a $488.00 price target on the stock.
• 5/1/2026 – Western Digital had its price target raised by Barclays PLC from $405.00 to $450.00. They now have an “overweight” rating on the stock.
• 5/1/2026 – Western Digital had its price target raised by UBS Group AG from $350.00 to $375.00. They now have a “neutral” rating on the stock.
• 5/1/2026 – Western Digital had its price target raised by Rosenblatt Securities from $340.00 to $500.00. They now have a “buy” rating on the stock.
• 4/27/2026 – Western Digital was given a new $500.00 price target by UBS Group AG.
• 4/27/2026 – Western Digital had its price target raised by Cantor Fitzgerald to $660.00. They now have an “overweight” rating on the stock.
• 4/27/2026 – Western Digital had its price target raised by Bank of America Corporation to $495.00. They now have a “buy” rating on the stock.

Western Digital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 5th. This is a boost from Western Digital’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. Western Digital’s payout ratio is presently 3.58%.

Insider Buying and Selling at Western Digital

In other news, insider Vidyadhara K. Gubbi sold 2,475 shares of Western Digital stock in a transaction on Monday, June 1st. The shares were sold at an average price of $556.24, for a total transaction of $1,376,694.00. Following the completion of the sale, the insider directly owned 85,154 shares of the company’s stock, valued at approximately $47,366,060.96. The trade was a 2.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bruce E. Kiddoo sold 750 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $528.52, for a total transaction of $396,390.00. Following the completion of the transaction, the director owned 3,903 shares in the company, valued at $2,062,813.56. This represents a 16.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 29,322 shares of company stock valued at $12,768,550 over the last three months. 0.18% of the stock is currently owned by company insiders.

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.