UBS analyst Timothy Arcuri raised the firm’s price target on Western Digital (WDC) to $135 from $85 and keeps a Neutral rating on the shares. September quarter results should be roughly in line with Street estimates, while recent AI datacenter capex announcements should extend visibility and should keep nearline demand running above trend into 2026, despite a likely 2027 cyclical downturn, the analyst tells investors in a research note.
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