Citi maintains Buy rating for Western Digital stock at USD 740.00
Published on 10/09/2026 at 16:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Citi maintained a Buy rating and set a USD 740.00 price target on October 2, 2026.
- Fiscal fourth-quarter revenue rose 43.80 percent to USD 3.75 billion.
- Western Digital stock stood at EUR 347.95 at Lang & Schwarz on October 9, 2026, down 0.93 percent versus EUR 351.20.
- Western Digital is scheduled to report fiscal first-quarter 2027 results on October 22, 2026.
Western Digital (ISIN US9581021055) received a maintained Buy rating and a USD 740.00 price target from Citi analyst Asiya Merchant in a report dated October 2, 2026, according to Markets Insider. Western Digital stock was at EUR 347.95 at Lang & Schwarz on October 9, 2026 at 4:15 p.m. CEST.
Western Digital events and figures
On August 5, 2026, Western Digital reported fiscal fourth-quarter revenue of USD 3.75 billion, up 43.80 percent year over year, according to StockTitan. The same release cycle placed fiscal 2026 revenue at USD 12.92 billion, 35.70 percent above the prior fiscal year.
On September 9, 2026, a Western Digital-sponsored IDC study found that 94.70 percent of surveyed organizations were storing more data because of artificial intelligence, while 61.00 percent reported data growth of at least 25.00 percent over the previous year, according to StockTitan. Those figures support the demand case for high-capacity storage, but they do not remove competitive pressure in hard disk drives.
What does the storage cycle mean?
On October 2, 2026, Bernstein also reiterated a Buy rating with a USD 770.00 price target, while Citi maintained its USD 740.00 target, according to Markets Insider. The two targets frame a wide range of analyst expectations around storage demand and execution.
Upcoming reporting date
Western Digital is scheduled to announce fiscal first-quarter 2027 results on October 22, 2026, after the market closes, according to Stock Analysis. The next report will test whether the revenue trajectory from fiscal fourth-quarter results carries into the new fiscal year.
EUR 347.95 versus prior close
At Lang & Schwarz, Western Digital stock was trading at EUR 347.95 on October 9, 2026 at 4:15 p.m. CEST, down 0.93 percent versus the prior close of EUR 351.20. The finance quote for the Nasdaq listing showed a market capitalization of USD 134.8 billion on October 9, 2026.
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 9, 2026, 4:15 p.m. CEST): EUR 347.95
- Change versus prior close: minus 0.93 percent
- Prior close Lang & Schwarz (October 8, 2026): EUR 351.20
- Market capitalization: USD 134.8 billion (as of October 9, 2026)
- Sector / Industry: Technology / Computer Hardware
- Index membership: S&P 500 and Nasdaq-100
- Next earnings date: October 22, 2026
Market context: Market report Nasdaq Composite.
