# @benzinga on YouTube

- **Type:** Video
- **Original URL:** https://youtube.com/watch?v=RyPl_No54FU
- **Gondola URL:** https://gondola.cc/posts/67036342-benzinga-youtube
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/526c7094c5.jpg
- **Posted:** 2026-06-16T15:01:13.000+00:00
- **Account Owner:** Benzinga | News That Moves (@benzinga) — https://gondola.cc/benzinga

## Caption

Western Digital (NASDAQ: WDC) jumped roughly 7% in premarket trading on Tuesday, June 16, 2026, as Wall Street piled in on a bullish thesis around AI-driven storage demand. Morgan Stanley analyst Erik Woodring raised his price target on WDC to $650 from $488 and reiterated an Overweight rating, calling Western Digital one of his "most-favored" picks. The firm cited more than 30% year-over-year growth in nearline enterprise storage, accelerating pricing, expanding margins, and improving operating leverage. Morgan Stanley's bull case values the stock at $920, with the firm projecting the hard disk drive supply shortage to persist through at least 2028. JPMorgan also raised its target to $650 on June 12. The rally comes after a blockbuster Q3 FY2026 report in which Western Digital posted EPS of $2.72 against a $2.39 consensus, with revenue of $3.34 billion, up 45.5% year-over-year. Investors are now eyeing the next earnings report, estimated for July 29, 2026, with consensus calling for EPS of $3.27 (up from $1.66 a year ago) and revenue of $3.69 billion (up from $2.60 billion). The stock has surged more than 850% over the past year and trades at a premium P/E of around 39x, well above sector peers, reflecting investor conviction in the AI storage cycle.
#WesternDigital #WDC #AIstocks

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- **Views:** 1,409
- **Likes:** 14
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## Tags

stockmarketnews, stocktrading, learntotrade, daytrading, stockmarkettoday, westerndigital, aistocks, trading, stockmarket, stocks, stockmarketlive, wdc

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