B of A Securities Rates Western Digital (WDC) buy

Analyst Wamsi Mohan at B of A Securities has reaffirmed a buy rating on Western Digital Corporation alongside a $732.00 price target, a 23.33% upside from the current price.

By EarningsIQ Research Desk · Published Jul 1, 2026, 9:01 AM EDT · Updated Jul 1, 2026, 3:01 PM EDT

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B of A Securities rated Western Digital Corporation ($WDC) "buy" with a $732 price target on July 1, 2026.

Since the rating, $WDC is down 8.0% after 1 week, down 8.9% after 1 month and down 44.5% to date (from the $598.18 close on Jul 1, 2026).

WDC Western Digital Corporation

$332 +77.07% year to date

Daily close · Oct 16, 2026

Key Points

B of A Securities analyst Wamsi Mohan reiterated a buy rating on Western Digital Corporation on July 1, 2026, setting a price target of $732.00.
B of A Securities's $732 price target implies 23.33% upside from Western Digital Corporation's ($WDC) current $593.52 share price.
Western Digital stock recently changed hands at $593.52, sitting comfortably between its 52-week low of $117.23 and high of $799.87.
The broader analyst community holds a consensus buy recommendation on the hardware maker with a mean price target of $668.50 across 24 opinions.

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B of A Securities Reaffirms Its View on Western Digital Stock

On July 1, 2026, analyst Wamsi Mohan at B of A Securities reaffirmed a buy rating on Western Digital Corporation (NasdaqGS: WDC) while setting a price target of $732.00. This update provides fresh perspective on how one major Wall Street firm views the data storage maker as shares trade below that targeted threshold.

Analyst rating track record

B of A Securities vs. the S&P 500

YTD return +6.42% hypothetical

All-time return +30.32% S&P 500 +26.61%

vs. S&P 500 +3.71% ahead of the index

Hypothetical returns from B of A Securities's disclosed trades, not real profit or advice. How we model this.

12-month forecast

$WDC price target

Western Digital Corporation daily closes and this analyst's $732 target. Not advice.

Western Digital Stock Valuation and Market Context

Western Digital stock recently changed hands at $593.52 on Wednesday. That price sits well above both its 50-day moving average of $444.57 and its 200-day moving average of $409.74. Over the past year, shares have traversed a wide range, hitting a low of $117.23 and climbing as high as $799.87. The hardware company supports a market valuation running into billions, backed by a price-to-earnings ratio of 13.24 and a forward P/E of 10.77.

Analysts Set New Price Targets

Wall Street firms have actively updated their outlooks on the hardware firm in recent months. On October 16, 2026, Wells Fargo maintained an overweight rating while adjusting its price target to $450.00 from $730.00. Shortly before that, UBS maintained a neutral rating on October 12, 2026, with a target of $470.00. Earlier on August 7, 2026, Citigroup maintained a buy rating while trimming its target to $740.00 from $800.00. TD Cowen maintained a buy rating on August 6, 2026, moving its target to $540.00, while UBS held a neutral rating with a $525.00 target on the same day. Rosenblatt maintained a buy rating on August 6, 2026, adjusting its target to $800.00. Earlier on July 13, 2026, Citigroup maintained a buy rating with an $800.00 target, and Wells Fargo had raised its target to $730.00 on July 10, 2026. Across 24 analyst opinions, the stock holds a consensus buy recommendation with a mean price target of $668.50.

What Western Digital Does

Based in San Jose, California, Western Digital builds data storage devices and solutions using hard disk drive technology. The enterprise creates internal hard drives, data center platforms, and portable accessories sold through global distributors and retailers. The firm also explores quantum error correction systems through research partnerships.

Looking Ahead for Western Digital

Investors will look toward Western Digital's next earnings report on October 22, 2026, for fresh financial details. Analyst updates and broader technology sector shifts will continue to shape how the market values the storage provider relative to Wall Street price goals.