Western Digital price target raised to $92 from $85 at Benchmark

Benchmark analyst Mark Miller raised the firm’s price target on Western Digital to $92 from $85 and keeps a Buy rating on the shares after the company reported upside driven by strong Nearline HDD and Enterprise SSD sales and higher average selling prices. Strength is seen continuing into FY25 and the firm now projects non-GAAP earnings of $8.39 per diluted share, the analyst tells investors.