Argus cuts Western Digital stock target from USD 600 to USD 500

Published on 10/27/2026 at 17:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

WD raised dividend 17 percent on October 22, 2026. Western Digital stock costs EUR 343.25 on October 27, 2026, up 0.12 percent versus Xetra close.

Analyst and dividend signals

Argus cut its Western Digital target from USD 600.00 to USD 500.00 on October 26, 2026.
Western Digital raised its quarterly dividend 17.00 percent to USD 0.175 on October 22, 2026.
Western Digital stock costs EUR 343.25 at Lang & Schwarz on October 27, 2026 at 5:47 p.m. CEST, 0.12 percent above the Xetra close of EUR 342.85.
The next dividend payment is scheduled for December 17, 2026.

Western Digital, US9581021055, Illustration mit AI erstellt.

Western Digital Corporation (ISIN US9581021055) became the subject of a fresh analyst target cut when Argus reduced its target from USD 600.00 to USD 500.00 in a note dated October 26, 2026, while keeping a Buy rating, as MarketBeat reported. The USD 500.00 target stands 30.94 percent above the Nasdaq price of USD 381.85 at 12:50 p.m. ET on October 27, 2026. At Lang & Schwarz, the stock was trading at EUR 343.25 on October 27, 2026 at 5:47 p.m. CEST, up 0.12 percent versus the Xetra close of October 27, 2026 at EUR 342.85.

Revenue reaches USD 4.381 billion

Western Digital's fiscal first quarter of 2027 delivered the strongest operating evidence behind the analyst debate. In its October 22, 2026 release, the company reported revenue of USD 4.381 billion, up 55.00 percent from USD 2.818 billion in the year-earlier quarter. GAAP diluted earnings per share reached USD 4.63, while non-GAAP diluted earnings per share rose 161.00 percent year over year to USD 4.64, according to Western Digital.

Stock remains 52.26 percent below high

The Nasdaq quote of USD 381.85 was 52.26 percent below the 52-week high of USD 799.87 and above the 52-week low of USD 121.85 on October 27, 2026. Western Digital's market capitalization was USD 142.9 billion, and reported volume reached 5,145,013 shares at 12:50 p.m. ET. The figures place the analyst target debate against a wide trading range rather than a single-session move.

Dividend adds a dated return signal

Western Digital's board declared a quarterly cash dividend of USD 0.175 per share on October 22, 2026, up 17.00 percent from USD 0.15. The payment is scheduled for December 17, 2026, to shareholders of record on December 4, 2026, according to Western Digital. The stock's trailing price-to-earnings ratio was 14.51 on October 27, 2026, while the latest quarterly report showed operating income of USD 2.046 billion, up 158.00 percent year over year.

After-hours quote stays near Xetra close

For German investors, the key distinction is the modest euro spread against the Xetra close despite the much larger analyst target range in US dollars. The Lang & Schwarz quote therefore gives a current euro view, while the Nasdaq valuation and the dated Argus note provide separate context for the stock's risk and return profile.

Western Digital stock was trading at EUR 343.25 at Lang & Schwarz on October 27, 2026 at 5:47 p.m. CEST, 0.12 percent above the Xetra close of October 27, 2026 at EUR 342.85. The further course of trading is shown by the continuously updated real-time quote of Western Digital stock.