Investment Analysts’ Weekly Ratings Changes for Western Digital (WDC)

Western Digital (NASDAQ: WDC) has recently received a number of price target changes and ratings updates:

• 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”.
• 6/26/2026 – Western Digital was downgraded by Weiss Ratings from “buy (b)” to “buy (b-)”.
• 6/22/2026 – Western Digital was downgraded by Fox Advisors from “overweight” to “equal weight”.
• 6/15/2026 – Western Digital had its price target raised by Morgan Stanley from $488.00 to $650.00. They now have an “overweight” rating on the stock.
• 6/12/2026 – Western Digital had its price target raised by JPMorgan Chase & Co. from $530.00 to $650.00. They now have an “overweight” rating on the stock.
• 6/8/2026 – Western Digital had its price target raised by Mizuho from $550.00 to $685.00. They now have an “outperform” rating on the stock.
• 6/2/2026 – Western Digital had its price target raised by Citigroup Inc. from $500.00 to $685.00. They now have a “buy” rating on the stock.
• 6/1/2026 – Western Digital had its price target raised by Wells Fargo & Company from $500.00 to $575.00. They now have an “overweight” rating on the stock.

Western Digital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th were issued a $0.15 dividend. This is an increase from Western Digital’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, June 5th. Western Digital’s dividend payout ratio is presently 3.58%.

Insider Activity at Western Digital

In other news, CEO Irving Tan sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $411.84, for a total value of $8,236,800.00. Following the transaction, the chief executive officer owned 598,150 shares of the company’s stock, valued at approximately $246,342,096. This represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bruce E. Kiddoo sold 750 shares of Western Digital stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $528.52, for a total value of $396,390.00. Following the sale, the director directly owned 3,903 shares of the company’s stock, valued at $2,062,813.56. This represents a 16.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,959 shares of company stock worth $12,631,666 in the last quarter. Corporate insiders own 0.18% of the company’s stock.

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.