Morgan Stanley cuts Western Digital stock target from USD 676 to USD 643
Published on 10/21/2026 at 11:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget cut and results date
- Morgan Stanley lowered its Western Digital target from USD 676 to USD 643 on October 20, 2026.
- Fiscal fourth-quarter revenue reached USD 3.75 billion, up 43.80 percent year over year.
- Western Digital stock trades at EUR 329.18 at 11:06 a.m. CEST at Lang & Schwarz on October 21, 2026, 0.44 percent below the Xetra close of October 20, 2026.
- Western Digital will announce fiscal first-quarter results on October 22, 2026.
Western Digital (ISIN US9581021055) was trading at EUR 329.18 at Lang & Schwarz on October 21, 2026, at 11:06 a.m. CEST, 0.44 percent below the Xetra close. Yahoo Finance reported on October 20, 2026, that Morgan Stanley cut its Western Digital price target from USD 676 to USD 643 while retaining an Overweight rating.
What does the target cut change?
The reduction equals 4.88 percent from the previous target, but the analyst case remained tied to strengthening hard disk drive fundamentals. Morgan Stanley expects Western Digital to beat September-quarter expectations and deliver stronger December-quarter guidance, with its forecast 10.00 percent above consensus, according to Yahoo Finance.
Three results dates frame the move
On April 30, 2026, Western Digital reported fiscal third-quarter revenue of USD 3.337 billion, according to Moomoo. On August 5, 2026, fiscal fourth-quarter revenue rose 43.80 percent year over year to USD 3.747 billion, the same source shows. On October 20, 2026, Morgan Stanley lowered its target to USD 643 from USD 676, as Yahoo Finance reported.
What comes next for results?
Western Digital plans to announce fiscal first-quarter 2027 results after the market closes on October 22, 2026, and to hold its earnings call at 4:30 p.m. Eastern time. The company's revenue estimate is USD 4.14 billion from 19 analyst forecasts, according to Moomoo. The official company announcement also confirms the October 22 reporting date and call time through Western Digital.
Results remain the next test
For investors, the immediate comparison is between the lower USD 643 target and the company's upcoming operating update. The latest reported quarter supplied a USD 3.75 billion revenue base, while the next estimate stands at USD 4.14 billion.
Stock trades below Xetra close
Western Digital stock was trading at EUR 329.18 at Lang & Schwarz on October 21, 2026, at 11:06 a.m. CEST, down 0.44 percent versus the Xetra close of EUR 330.65 on October 20, 2026. On the Nasdaq, the primary listing is quoted in USD.
The further course of trading is shown by the continuously updated real-time quote of Western Digital stock.
Western Digital stock facts
- Company: Western Digital Corporation
- ISIN: US9581021055
- Ticker: WDC
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 21, 2026, 11:06 a.m. CEST): EUR 329.18
- Change versus Xetra close: minus 0.44 percent
- Xetra close (October 20, 2026): EUR 330.65
- Market capitalization: EUR 123.3 billion (as of October 21, 2026)
- 52-week range: EUR 49.12-696.70 (as of October 21, 2026)
- Sector / Industry: Technology / Computer Hardware
Market context: Market report S&P 500.
