Key Highlights

● Western Digital closed at $332 on October 16, trading below the analyst target.

● The consensus 12-month price target is $668.50, implying about 101.4% upside.

● Analysts are split 21 Buy, 5 Hold, and 0 Sell on the stock.

● Targets range from $420 to $1,050 across 26 analysts.

Western Digital (NASDAQ:WDC) closed at $332.00 on October 16, 2026, according to market data. The consensus analyst price target is $668.50, which implies potential upside of about 101.4% from that close, although targets are forecasts and not guarantees. Western Digital is a member of the S&P 500. The shares have fallen sharply on Friday and results arrive on 22 October.

What Is the Latest Analyst Price Target?

Based on 26 analysts, the mean price target is $668.50 and the median is $650. The highest target is $1,050 and the lowest is $420. The consensus rating is Buy. If the consensus proves accurate, the shares would trade about 101.4% above the Friday close, but the target is a twelve-month style estimate that depends on many assumptions.

What Are Analysts Saying?

The rating split is 21 Buy, 5 Hold, 0 Sell. Recent actions include Wells Fargo (Buy, target cut from $730 to $450, 16 October), UBS (Hold, cut from $525 to $470, 12 October), Citi (Buy, $740 maintained, 9 October), Morgan Stanley (Buy, $676, 5 October) and Rosenblatt (Buy, cut from $900 to $800, 5 October). Different data providers can show slightly different figures, so readers should treat the consensus as an approximate guide rather than a precise measure.

Western Digital reported fiscal fourth-quarter 2026 results on 5 August: revenue of $3.75 billion, up 44% year on year, non-GAAP earnings of $3.56 per share, and guidance for first-quarter fiscal 2027 revenue of $4.1 billion (plus or minus $100 million) with non-GAAP earnings of $4.00 (plus or minus $0.15) and a gross margin of 55% to 56%. Reuters-based coverage on 6 August said the shares fell sharply in premarket trading because the outlook, though above LSEG estimates, fell short of investor hopes.

What Could Help the Stock Reach the Price Target?

The consensus implies the shares would roughly double, which would require guided revenue growth of 42% to 49% year on year to continue and storage demand from data centres to remain strong. Seventeen analysts rate the stock Strong Buy, and no analyst carries a Sell. The consensus target suggests analysts expect earnings to grow, but that outcome is not certain.

What Could Prevent the Stock Reaching the Target?

Several brokers have recently cut targets, including Wells Fargo (to $450) and UBS (to $470), both well below the $668.50 mean, which suggests parts of the consensus may be stale after a pullback. The shares fell 6.86% on 16 October and had risen more than threefold earlier in 2026, so expectations were demanding. Broader market sentiment, interest rates and competition could also weigh on the shares.

What Should Investors Watch Next?

Western Digital has announced it will report first-quarter fiscal 2027 results on October 22, 2026. Investors will look at whether revenue lands near $4.1 billion and whether margins stay in the guided range. Investors may also watch further broker target revisions, which can shift the consensus quickly.

The Gap Is the Story

Western Digital (WDC) closed at $332.00 against a consensus target of $668.50, a gap of about 101.4%. The consensus target suggests analysts see room for appreciation, but forecasts can be wrong and the range of targets, from $420 to $1,050, shows genuine disagreement.