Morgan Stanley raises target for Western Digital stock to USD 668
Published on 10/26/2026 at 12:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRecent results and analyst view
- Morgan Stanley raised its Western Digital target from USD 643.00 to USD 668.00 on October 23, 2026.
- Fiscal first-quarter revenue reached USD 4.38 billion, up 55 percent year over year.
- Western Digital stock trades at EUR 304.80 at 12:00 p.m. CET at Lang & Schwarz on October 26, 2026, 0.28 percent below the Xetra close of October 23, 2026.
Western Digital (ISIN US9581021055) drew a higher Morgan Stanley price target, rising from USD 643.00 to USD 668.00 on October 23, 2026, according to Benzinga. The revision followed Western Digital's fiscal first-quarter results, which showed USD 4.38 billion in revenue, up 55 percent year over year, as reported in the company's filing to the SEC on October 22, 2026.
Target rises after strong quarter
Morgan Stanley kept its Overweight rating while lifting the target from USD 643.00 to USD 668.00. The same analyst review also showed lower targets from Cantor Fitzgerald, Rosenblatt and TD Cowen, leaving the research picture divided even as Western Digital's operating figures improved.
The fiscal first-quarter report gives the target move a measurable foundation. GAAP gross margin reached 57.8 percent, compared with 43.5 percent in the year-earlier quarter, while GAAP diluted earnings per share rose to USD 4.63 from USD 3.07. Operating cash flow reached USD 1.60 billion for the quarter ended October 2, 2026.
Three dated company developments
On October 8, 2026, Western Digital scheduled its fiscal first-quarter report for October 22, 2026. On October 22, the company reported USD 4.38 billion of revenue and a 57.8 percent GAAP gross margin in its fiscal first quarter. On October 23, Morgan Stanley raised its target to USD 668.00 from USD 643.00, according to Benzinga.
What dates come next?
The next dated items are November 16, 2026, the redemption date for outstanding convertible notes, and December 4, 2026, the ex-dividend date for a USD 0.175 dividend, both listed by MarketScreener.
Stock trades below the Xetra close
For investors, the key tension is the gap between stronger pricing and concerns about how long the storage cycle can sustain those margins. Western Digital's fiscal second-quarter outlook calls for USD 5.10 billion of revenue at the midpoint and a 60.5 percent non-GAAP gross margin, according to the October 22 filing.
Western Digital was trading at EUR 304.80 at Lang & Schwarz on October 26, 2026 at 12:00 p.m. CET, down 0.28 percent versus the Xetra close of October 23, 2026 at EUR 305.65. On Nasdaq, the stock was last at USD 343.67 on October 23, 2026 at 4:00 p.m. ET. The further course of trading is shown by the continuously updated real-time quote of Western Digital stock.
Western Digital stock facts
- Company: Western Digital Corporation
- ISIN: US9581021055
- Ticker: WDC
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 26, 2026, 12:00 p.m. CET): EUR 304.80
- Change versus Xetra close: minus 0.28 percent
- Xetra close (October 23, 2026): EUR 305.65
- Market capitalization: EUR 114.2 billion (as of October 26, 2026)
- 52-week range: EUR 49.12-696.70 (as of October 26, 2026)
- Sector / Industry: Information technology / Computer hardware
Market context: Market report Nasdaq Composite.
