Recent Research Analysts’ Ratings Updates for Western Digital (WDC)

Several brokerages have updated their recommendations and price targets on shares of Western Digital (NASDAQ: WDC) in the last few weeks:

• 8/16/2026 – Western Digital was downgraded by Wall Street Zen from “strong-buy” to “buy”.
• 8/11/2026 – Western Digital was downgraded by Weiss Ratings from “buy (b)” to “buy (b-)”.
• 8/8/2026 – Western Digital was upgraded by Wall Street Zen from “buy” to “strong-buy”.
• 8/7/2026 – Western Digital had its price target lowered by Citigroup Inc. from $800.00 to $740.00. They now have a “buy” rating on the stock.
• 8/6/2026 – Western Digital had its “overweight” rating reaffirmed by Morgan Stanley. They now have a $676.00 price target on the stock.
• 8/6/2026 – Western Digital was given a new $630.00 price target by Robert W. Baird.
• 8/6/2026 – Western Digital had its price target raised by TD Cowen from $500.00 to $540.00. They now have a “buy” rating on the stock.
• 8/6/2026 – Western Digital was given a new $590.00 price target by Mizuho.
• 8/6/2026 – Western Digital had its price target lowered by UBS Group AG from $560.00 to $525.00. They now have a “neutral” rating on the stock.
• 8/6/2026 – Western Digital was downgraded by Summit Insights from “buy” to “hold”.
• 8/6/2026 – Western Digital had its price target lowered by Rosenblatt Securities from $900.00 to $800.00. They now have a “buy” rating on the stock.
• 7/13/2026 – Western Digital was upgraded by Weiss Ratings from “buy (b-)” to “buy (b)”.
• 7/13/2026 – Western Digital had its “neutral” rating reaffirmed by UBS Group AG. They now have a $560.00 price target on the stock.
• 7/13/2026 – Western Digital had its price target raised by Citigroup Inc. from $685.00 to $800.00. They now have a “buy” rating on the stock.
• 7/10/2026 – Western Digital had its price target raised by Wells Fargo & Company from $575.00 to $730.00. They now have an “overweight” rating on the stock.
• 7/8/2026 – Western Digital had its price target raised by Susquehanna from $360.00 to $500.00. They now have a “neutral” rating on the stock.
• 7/1/2026 – Western Digital had its price target raised by Bank of America Corporation from $610.00 to $732.00. They now have a “buy” rating on the stock.
• 6/29/2026 – Western Digital had its price target raised by Cantor Fitzgerald from $660.00 to $900.00. They now have an “overweight” rating on the stock.
• 6/29/2026 – Western Digital was given a new $1,050.00 price target by Melius Research. They now have a “buy” rating on the stock.
• 6/29/2026 – Western Digital was upgraded by Melius Research to “strong-buy”.

Western Digital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Tuesday, September 8th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Tuesday, September 8th. Western Digital’s payout ratio is currently 2.48%.

Insider Transactions at Western Digital

In related news, CEO Irving Tan sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $444.97, for a total value of $8,899,400.00. Following the completion of the sale, the chief executive officer directly owned 575,966 shares in the company, valued at approximately $256,287,591.02. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Cynthia L. Tregillis sold 808 shares of the stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $529.63, for a total transaction of $427,941.04. Following the transaction, the insider directly owned 114,539 shares in the company, valued at $60,663,290.57. The trade was a 0.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 24,634 shares of company stock worth $11,357,073 in the last 90 days. 0.18% of the stock is owned by insiders.

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.