Analyst Tristan Gerra of Robert W. Baird maintained a Buy rating on Western Digital, with a price target of $180.00.
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Tristan Gerra has given his Buy rating due to a combination of factors influencing Western Digital’s strategic positioning and financial performance. The company is not expanding its unit capacity but is instead focusing on higher-density migrations to meet the growing demand for exabytes, which aligns with industry trends and helps maintain competitiveness. Despite potential risks associated with the timing of the HAMR technology ramp-up, Western Digital’s accelerated schedule aims to safeguard its market share against competitors like Seagate, who are also advancing their high-capacity offerings.
Western Digital’s recent financial results and future guidance further support the Buy rating. The company reported a sequential increase in revenue and gross margin for the first fiscal quarter of 2026, with non-GAAP EPS exceeding expectations. Additionally, the revenue and gross margin guidance for the second fiscal quarter of 2026 surpasses consensus estimates, indicating strong operational performance and positive market reception. These factors collectively suggest a favorable outlook for Western Digital, justifying the Buy recommendation.
Gerra covers the Technology sector, focusing on stocks such as Intel, Micron, and Advanced Micro Devices. According to TipRanks, Gerra has an average return of 15.0% and a 55.89% success rate on recommended stocks.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $158.00 price target.