Cantor Fitzgerald Rates Western Digital (WDC) buy

Analyst C.J. Muse maintains a buy rating on Western Digital, setting a $900.00 price target amid mixed views from Wall Street, a 40.39% upside from the current price.

By EarningsIQ Research Desk · Published Jun 29, 2026, 11:01 AM EDT · Updated Jul 1, 2026, 11:01 AM EDT

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Cantor Fitzgerald rated Western Digital Corporation ($WDC) "buy" with a $900 price target on June 29, 2026.

Since the rating, $WDC is down 11.4% after 1 week, down 29.1% after 1 month and down 49.0% to date (from the $651.67 close on Jun 29, 2026).

WDC Western Digital Corporation

$332 +77.07% year to date

Daily close · Oct 16, 2026

Key Points

Cantor Fitzgerald analyst C.J. Muse reiterated a buy rating on Western Digital Corporation with a $900.00 price target on June 29, 2026.
Cantor Fitzgerald's $900 price target implies 40.39% upside from Western Digital Corporation's ($WDC) current $641.06 share price.
Western Digital stock recently traded at $641.06, well above its 200-day moving average of $409.74 and carrying a price-to-earnings ratio of 13.2.
Overall Wall Street sentiment remains generally positive with 24 analyst opinions on file and a mean price target of $668.50.

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Cantor Fitzgerald Reiterates Outlook on Western Digital Stock

Cantor Fitzgerald is keeping its bullish stance on Western Digital Corporation NASDAQ:WDC, standing out against a backdrop of varied targets across Wall Street. On June 29, 2026, analyst C.J. Muse reiterated a buy rating on the data storage maker, attaching a $900.00 price target to the shares. That target sits well above where the hardware developer has recently traded.

Analyst rating track record

Cantor Fitzgerald vs. the S&P 500

YTD return -1.14% hypothetical

All-time return +16.04% S&P 500 +16.37%

vs. S&P 500 -0.33% behind the index

Hypothetical returns from Cantor Fitzgerald'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 $900 target. Not advice.

Western Digital Stock Valuation and Trading Levels

Western Digital shares recently changed hands at $641.06 on Monday, reflecting a strong run over the past year that has pushed the stock far above its 52-week low of $117.23 and near its high of $799.87. The company trades with a price-to-earnings ratio of 13.2 based on trailing results, alongside a forward P/E of 10.77. Its 50-day moving average sits at $444.57, while the longer-term 200-day moving average rests at $409.74.

Wall Street Analyst Coverage and Price Targets

Other major research firms have adjusted their own views on the hardware maker in recent months. On July 10, 2026, Wells Fargo maintained its Overweight rating while lifting its target to $730.00 from $575.00, though it later lowered that target to $450.00 on October 16, 2026. Citigroup maintained a buy rating on August 7, 2026, with a $740.00 target, down from a previous $800.00. UBS kept a neutral stance on October 12, 2026, setting a $470.00 target. Across 24 analyst opinions tracked by the market, Western Digital holds a consensus recommendation key of buy, with a mean price target of $668.50, a high target of $1,050.00, and a low target of $420.00.

Core Operations at Western Digital

Headquartered in San Jose, California, Western Digital designs and manufactures hard disk drives and flash-based storage solutions for personal computers, data centers, and enterprise customers. The firm employs roughly 40,000 workers globally and collaborates on quantum error correction research. These storage devices reach buyers through direct sales teams, independent distributors, and retail partners.

What to Watch Next for Western Digital

Investors tracking Western Digital will want to watch for its next corporate earnings report, which is scheduled for release on October 22, 2026. Market watchers will also keep an eye on whether other investment banks align their targets closer to Cantor Fitzgerald's $900.00 goal or trim their expectations following recent shifts in the hardware sector.