Western Digital sees demand for enterprise SSD remain strong, says Goldman Sachs

Goldman Sachs keeps a Neutral rating and $79 price target on Western Digital following the company’s presentation at the Communacopia & Technology conference. The presentation by the company’s EVP and General Manager of Flash Business, Rob Soderbery, indicated that demand for enterprise SSD remains strong driven by AI and, as a market, it is expected to account for about 10% of Western Digital’s total NAND bits in FY25, the analyst tells investors in a research note.