Zacks cuts Western Digital stock to Hold. Shares fall 1.68 percent

Published on 10/07/2026 at 15:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 43.80 percent to USD 3.75 billion in fiscal fourth quarter. Western Digital stock costs EUR 360.03 on October 7, 2026 after EUR 366.20.

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Western Digital stock was trading at EUR 360.03 at Lang & Schwarz on October 7, 2026 at 3:30 p.m. CEST, down 1.68 percent from the prior close of EUR 366.20. MarketBeat reports that Zacks Research downgraded the company from strong buy to hold.

Analyst caution meets strong results

The downgrade arrives against a fresh earnings record. According to MarketBeat, Western Digital reported earnings per share of USD 3.56 in its fiscal fourth quarter, above the USD 3.31 consensus estimate. Revenue reached USD 3.75 billion, compared with USD 3.70 billion expected.

The same report put quarterly revenue growth at 43.80 percent year over year and said Western Digital guided fiscal first-quarter 2027 earnings per share to USD 3.85-4.15. That combination gives investors a clear tension to weigh: operating execution improved, while the rating signal became more cautious.

Supply remains the central risk

Yahoo Finance reported that Toshiba's plan to increase hard disk drive supply pressured Western Digital and raised questions about future pricing power. The report cited a USD 664.92 average analyst target and a USD 1,050.00 target from Melius Research, but those targets remain separate from the Lang & Schwarz euro quote.

The stock's valuation picture is therefore tied to both demand and supply. Western Digital's fiscal fourth-quarter gross margin reached 54.40 percent, while fiscal first-quarter guidance called for a 55.00 to 56.00 percent gross margin, making margin delivery a practical test for the bullish storage thesis.

Stock stays below its yearly high

Western Digital's primary listing is NASDAQ under ticker WDC, and the company operates in technology and computer hardware, according to Stock Analysis. The finance quote showed a USD 112.52 to USD 799.87 52-week range on October 7, 2026, leaving the euro reference quote well below the upper end of the company's primary-market range.

Price points to a volatile session

Western Digital was trading at EUR 360.03 at Lang & Schwarz on October 7, 2026 at 3:30 p.m. CEST, minus 1.68 percent versus the Lang & Schwarz prior close of EUR 366.20 on October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Western Digital stock.