Cantor Fitzgerald Cuts Western Digital (WDC) Price Target to $625
Key Points
- Cantor Fitzgerald reiterated an Overweight rating on Western Digital Corporation on October 23, 2026, reducing its price target from $900.00 to $625.00.
- Cantor Fitzgerald's $625 price target implies 76.60% upside from Western Digital Corporation's ($WDC) current $353.91 share price.
- Western Digital Corporation recently traded around $353.91 as of October 23, 2026, remaining well below the firm's new target.
- Other Wall Street firms including Morgan Stanley and B of A Securities also recently updated their views on the computer hardware company.
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Cantor Fitzgerald reiterated its Overweight rating on Western Digital Corporation on October 23, 2026, while adjusting its price target down to $625.00 from $900.00. The update comes as Wall Street firms review their outlooks for the San Jose-based computer hardware maker.
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Western Digital Corporation
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Cantor Fitzgerald's Call on Western Digital
The firm kept its positive stance on the stock while trimming its target from the prior level of $900.00. Several other firms updated their views around the same time. On October 20, 2026, Morgan Stanley maintained its Overweight rating and adjusted its target to $643.00 from $676.00. On October 21, 2026, B of A Securities kept a Buy rating and raised its target to $800.00 from $720.00. On October 23, 2026, Rosenblatt maintained a Buy rating with a target of $650.00, down from $800.00, while Morgan Stanley updated its target again to $668.00 from $643.00. Consensus estimates point to a strong buy recommendation overall.
Other Institutional Activity in Western Digital
Other institutional investors have adjusted their positions in the computer hardware company. RMR Wealth Builders grew its holdings by 2,550 shares, ending with 9,160 shares worth about $4,162,724. Meanwhile, SBI Securities reduced its stake by 5,020 shares, finishing with 5,091 shares valued at about $2,313,656.
Western Digital Corporation Stock Down 6.5%
Western Digital Corporation recently traded around $353.91 as of October 23, 2026. The stock closed at $354.19 on October 22, 2026.
$WDC price target
Western Digital Corporation daily closes and this analyst's $625 target. Not advice.
Recent Earnings
The company reported trailing twelve-month revenue of $12,919,000,064.00 and earnings of $26.92 per share.
Dividend
Western Digital pays an annual dividend rate of $0.60 per share, giving it a dividend yield of 0.16%.
Insider Buying and Selling at Western Digital Corporation
Company insiders have completed several transactions recently. On September 4, 2026, officer Cynthia Lock Tregillis sold 432 shares at an average price of $451.20 for a total value of $194,918.00. On the same date, officer Vidyadhara K Gubbi sold 1,795 shares at $459.87 per share, totaling $825,472.00. Later, on October 21, 2026, Chief Legal Officer Cynthia L Tregillis sold 807 shares under a planned transaction at $380.00 per share, totaling $306,660.00.
About Western Digital
Western Digital Corporation designs and builds data storage devices and hardware solutions. Its product lineup includes internal hard disk drives, portable storage units, and data center platforms used by consumers and enterprises alike.
Bottom Line
Cantor Fitzgerald's updated price target offers a look at how one major firm views the stock's potential relative to its recent trading levels. Investors will continue watching upcoming earnings reports and institutional filings for further direction.
Related Filing Alerts
Source: Cantor Fitzgerald's rating change on $WDC (Oct 23, 2026). Written by software, not financial advice. How we make alerts