Evercore's comments on WDC stock came after it hosted investor meetings with Western Digital's investor relations team. The firm said its price target hike reflects a more positive view of the company's growth outlook. California-based Western Digital Corp (NASDAQ:WDC) is a global data storage company. While we acknowledge the potential of WDC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock th ...

In Q3 2026, Western Digital Corporation (NASDAQ:WDC) delivered a non-GAAP gross margin of 50.5%, an expansion of 1,040 basis points year-over-year. This marks the first time in corporate history that gross margins have cleared the 50% threshold. Tight industry cost control and supply shortages have led to a demand curve. Average HDD prices have spiked dramatically over the trailing months, prompting major enterprise cloud providers to begin signing long-term 5-year supply contracts to secure capacity. The p ...