B of A Securities Raises WDC Price Target to $800
Key Points
- B of A Securities reiterated its Buy rating on Western Digital Corporation on October 21, 2026, moving its price target up to $800.00 from $720.00.
- B of A Securities's $800 price target implies 127.21% upside from Western Digital Corporation's ($WDC) current $352.10 share price.
- Western Digital recently traded around $372.49, holding a market capitalization of roughly $131.8 billion with trailing-twelve-month revenue of $12.9 billion.
- Four insider transactions were reported ahead of the call, including multiple open-market sales by company officers and directors.
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On October 21, 2026, B of A Securities reiterated its Buy rating on Western Digital Corporation NASDAQ:WDC and lifted its price target from $720.00 to $800.00. The research note arrived just ahead of the company's scheduled earnings release, capturing Wall Street's forward-looking optimism for the data storage provider's hard disk drive and flash memory solutions.
WDC
Western Digital Corporation
B of A Securities vs. the S&P 500
Hypothetical returns from B of A Securities's disclosed trades, not real profit or advice. How we model this.
B of A Securities' Call on Western Digital Corporation
In its research note issued on October 21, 2026, B of A Securities maintained its Buy rating on Western Digital while raising its price target to $800.00 from $720.00. A rating is the firm's forward-looking view on the stock's potential, and the upward revision in the target reflects increasing confidence in the tech hardware firm's outlook.
Other Institutional Activity in Western Digital Corporation
First Citizens Bank & Trust grew its holdings by 13,163 shares, ending with 19,014 shares worth about $8.6 million.
Western Digital Corporation Stock Down 3.4%
Western Digital shares recently traded around $372.49 as of October 21, 2026, sitting below the $364.32 close recorded on October 20, 2026. The stock's valuation is underpinned by a market capitalization of $131.84 billion and a forward P/E ratio of 10.58.
$WDC price target
Western Digital Corporation daily closes and this analyst's $800 target. Not advice.
Recent Earnings
Western Digital reported trailing-twelve-month revenue of $12.92 billion alongside basic earnings of $26.92 per share. The company posted a return on equity of 130.9% and a net profit margin of 72.9%, with its next earnings report scheduled for October 22, 2026.
Dividend
Western Digital pays an annual dividend rate of $0.60 per share, giving shareholders a dividend yield of 0.17% backed by a payout ratio of 1.9%.
Insider Buying and Selling at Western Digital Corporation
Four insider transactions occurred ahead of the analyst note. On August 27, 2026, officer Cynthia Lock Tregillis disposed of 1,483 shares valued at $696,280. Shortly after, on September 1, 2026, director Stephanie A Streeter sold 5,600 shares for a total value of $2,519,280. On September 4, 2026, Cynthia Lock Tregillis returned to the market to sell an additional 432 shares at $451.20 apiece, netting $194,918. On the same day, officer Vidyadhara K Gubbi parted with 1,795 shares at an average price of $459.87, totaling $825,472.
Analysts Set New Price Targets
Wall Street firms continue to update their views on Western Digital alongside B of A Securities. Citigroup maintained a Buy rating with a target of $740.00 on August 7, 2026. UBS kept a Neutral rating on October 12, 2026, reducing its target to $470.00 from $525.00. Wells Fargo maintained an Overweight rating on October 16, 2026, lowering its target from $730.00 to $450.00. Morgan Stanley kept an Overweight rating on October 20, 2026, moving its target from $676.00 to $643.00. Across 24 analyst opinions, the stock currently holds a consensus recommendation of strong_buy and a mean price target of $652.04.
About Western Digital Corporation
Headquartered in San Jose, California, Western Digital Corporation designs and manufactures data storage devices and infrastructure solutions. The company specializes in hard disk drive technology and related products serving enterprise data centers, personal computers, and portable electronics worldwide.
Bottom Line
Investors will look to Western Digital's upcoming earnings report on October 22, 2026, for fresh guidance on storage demand. The combination of an elevated price target from B of A Securities and shifting institutional interest places renewed focus on the company's financial execution.
Related Filing Alerts
Source: B of A Securities's rating change on $WDC (Oct 21, 2026). Written by software, not financial advice. How we make alerts