Analyst Tristan Gerra of Robert W. Baird maintained a Buy rating on Western Digital (WDC – Research Report), retaining the price target of $80.00.
Tristan Gerra has given his Buy rating due to a combination of factors that highlight Western Digital’s strong market position and financial health. The company benefits from robust demand in the hyperscale segment, with long-term agreements extending into the first half of 2026, ensuring revenue visibility. Additionally, Western Digital’s exemption from tariffs in both China and the U.S. provides a competitive edge by shielding it from potential cost increases that could affect other companies.
Western Digital’s growth is driven by its product mix rather than capital expenditure, with innovations like UltraSMR technology enhancing storage density. The company’s financial strategy is also noteworthy, as it is reducing debt and has reinstated a dividend, reflecting confidence in its cash flow generation. Furthermore, the company’s guidance for the upcoming quarter indicates stronger-than-expected earnings, supporting the positive outlook. These elements collectively underpin Gerra’s optimistic assessment and the Buy rating for Western Digital’s stock.
According to TipRanks, Gerra is a 3-star analyst with an average return of 2.0% and a 43.40% success rate. Gerra covers the Technology sector, focusing on stocks such as Intel, ON Semiconductor, and Semtech.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $58.00 price target.