Morgan Stanley Boosts Price Target for Western Digital Stock

Investment firm sees potential 23.6% upside for data storage provider's shares.

Apr. 6, 2026 at 3:10pm

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A high-contrast, close-up image of the intricate mechanical components inside a data storage drive, rendered in a stark industrial style that evokes the powerful, utilitarian aesthetic of 20th century manufacturing.The complex inner workings of a data storage device symbolize the robust infrastructure supporting the growing digital economy.San Jose Today

Morgan Stanley analysts lifted their price target on shares of Western Digital (NASDAQ: WDC) to $380.00 and maintained an 'overweight' rating on the stock. The new target price represents a potential upside of 23.6% from the stock's previous close.

Why it matters

This positive forecast from a major investment bank suggests growing optimism about Western Digital's business outlook and the company's ability to capitalize on trends in data storage demand.

The details

In a research note, Morgan Stanley cited Western Digital's strong product portfolio and market position in the data storage industry as reasons for their increased price target. The analysts believe the company is well-positioned to benefit from rising storage needs across consumer, enterprise, and cloud computing markets.

  • Morgan Stanley issued the updated price target and rating on April 6, 2026.

The players

Western Digital

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

Morgan Stanley

A leading global investment bank and financial services firm that provides a variety of services, including securities trading, investment banking, and wealth management.

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What’s next

Investors will be watching to see if Western Digital's stock price can reach the new $380 price target set by Morgan Stanley. The company's upcoming earnings report and any further analyst commentary on the stock's outlook will also be closely monitored.

The takeaway

This positive forecast from a respected investment bank underscores the market's growing confidence in Western Digital's ability to capitalize on the surging demand for data storage solutions across consumer, enterprise, and cloud computing segments.