Bank of America raises target to USD 800: Western Digital stock falls 4.18 percent
Published on 10/22/2026 at 10:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSStorage demand and earnings
- Bank of America lifted its Western Digital target to USD 800 from USD 720 on October 21, 2026.
- Fiscal fourth-quarter revenue reached USD 3.70 billion, up 43.80 percent year over year.
- Western Digital stock trades at EUR 326.98 at 10:39 a.m. CEST at Lang & Schwarz on October 22, 2026, 4.18 percent below the Xetra close of October 21, 2026.
Western Digital stock (ISIN US9581021055) was trading at EUR 326.98 at Lang & Schwarz on October 22, 2026 at 10:39 a.m. CEST, down 4.18 percent versus the Xetra close of October 21, 2026 (EUR 341.25). Bank of America raised its Western Digital price target to USD 800 from USD 720 on October 21, 2026, according to Miami Herald.
Why the target moved
Bank of America expects fiscal first-quarter revenue of USD 4.22 billion and adjusted earnings of USD 4.29 per share, above its cited market estimates of USD 4.16 billion and USD 4.11. The bank also expects average price per terabyte to rise 24.00 percent year over year, while exabyte shipments increase 21.00 percent. That combination points to pricing power as the central earnings test.
Western Digital's fiscal 2027 earnings estimate from Bank of America rose to USD 22.37 per share from USD 19.17. The higher earnings forecast supported the target increase even as the bank lowered its valuation multiple from 19 times to 16 times earnings, according to the same October 21 report.
When do results arrive?
Western Digital is scheduled to report fiscal first-quarter 2027 results after the US market closes on October 22, 2026, as listed in the company's press-release calendar. The preceding fiscal fourth quarter ended July 3, 2026, with revenue of USD 3.70 billion, up 43.80 percent year over year, according to GreekSoup. The coming release will show whether HDD pricing and AI-related storage demand are converting into the expected margin expansion.
Price stays below the Xetra close
At EUR 326.98, the Lang & Schwarz quote was EUR 14.27 below the Xetra close of EUR 341.25, a decline of 4.18 percent on October 22, 2026. Western Digital's primary listing is Nasdaq, while the euro quote gives investors in Germany a direct trading reference.
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 22, 2026, 10:39 a.m. CEST): EUR 326.98
- Change versus Xetra close: minus 4.18 percent
- Xetra close (October 21, 2026): EUR 341.25
- Market capitalization: EUR 122.9 billion (as of October 22, 2026)
- 52-week range: EUR 49.12-696.70 (as of October 22, 2026)
Market context: Market report Nasdaq Composite.
