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:

• 7/10/2026 – Western Digital had its price target raised by Wells Fargo & Company from $575.00 to $730.00. They now have an “overweight” rating on the stock.
• 7/8/2026 – Western Digital had its price target raised by Susquehanna from $360.00 to $500.00. They now have a “neutral” rating on the stock.
• 7/1/2026 – Western Digital had its price target raised by Bank of America Corporation from $610.00 to $732.00. They now have a “buy” rating on the stock.
• 6/29/2026 – Western Digital had its price target raised by Cantor Fitzgerald from $660.00 to $900.00. They now have an “overweight” rating on the stock.
• 6/29/2026 – Western Digital was given a new $1,050.00 price target by Melius Research. They now have a “buy” rating on the stock.
• 6/29/2026 – Western Digital was upgraded by Melius Research to “strong-buy”.
• 6/26/2026 – Western Digital was downgraded by Weiss Ratings from “buy (b)” to “buy (b-)”.
• 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)”.

Western Digital Increases Dividend

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

Insider Transactions at Western Digital

In other Western Digital news, insider Vidyadhara K. Gubbi sold 2,475 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $556.24, for a total transaction of $1,376,694.00. Following the completion of the transaction, the insider owned 85,154 shares in the company, valued at $47,366,060.96. This trade represents a 2.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Cynthia L. Tregillis sold 432 shares of Western Digital stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $545.60, for a total value of $235,699.20. Following the completion of the sale, the insider directly owned 116,643 shares in the company, valued at approximately $63,640,420.80. The trade was a 0.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 29,322 shares of company stock valued at $12,768,550. 0.18% of the stock is 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.