Western Digital Reaches New 12-Month High

Is Now the Time to Buy?

Published on Feb. 22, 2026

Got story updates? Submit your updates here. ›

Western Digital Corporation (NASDAQ:WDC) saw its stock price reach a new 52-week high on Wednesday, trading as high as $308.24 per share. The company has been making moves to improve its financial flexibility, including monetizing a portion of its SanDisk stake and executing a debt-for-equity exchange to reduce outstanding debt.

Why it matters

Western Digital's strong performance and strategic actions have caught the attention of analysts, with multiple firms issuing buy or overweight ratings and raising their price targets on the stock. The company's ability to meet surging demand from hyperscalers and AI data centers for its hard drives is seen as a key driver of its revenue visibility and pricing power.

The details

Western Digital says its 2026 hard-drive production is already sold out as major tech companies scramble to secure storage capacity. The company is also simplifying its capital structure by converting certain preferred shares, which analysts view as a positive technical move for valuation. However, some investors may be cautious about the substantial insider selling that has occurred in recent months.

  • On Wednesday, Western Digital's stock price reached a new 52-week high of $308.24.
  • The company will pay a quarterly dividend of $0.125 per share on March 18, 2026 to shareholders of record as of March 5, 2026.

The players

Western Digital Corporation

An American data storage company that designs, manufactures, and sells a broad range of storage devices and systems for personal, enterprise, and cloud applications.

Bank of America

A multinational investment bank and financial services company that has raised its price target for Western Digital's stock.

JPMorgan Chase & Co.

A multinational investment bank and financial services company that has raised its price target and rating for Western Digital's stock.

Got photos? Submit your photos here. ›

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

Western Digital's strong financial position, growing demand for its products, and positive analyst sentiment suggest the company is well-positioned for continued success. However, the substantial insider selling activity is a cautionary signal that investors should closely monitor.