Morgan Stanley reiterates Buy on Western Digital stock at USD 676.00
Published on 10/06/2026 at 11:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Western Digital stock (ISIN US9581021055) was trading at EUR 386.75 at Lang & Schwarz on October 6, 2026 at 11:05 a.m. CEST, down 1.53 percent versus the prior close of EUR 392.75. On October 5, 2026, Morgan Stanley analyst Erik Woodring reiterated a Buy rating and set a USD 676.00 price target, as Markets Insider reported.
Analyst target stays above the market
The USD 676.00 target stands above the USD 415.29 closing share price cited in the October 5 report, although that comparison uses Nasdaq dollars rather than the Lang & Schwarz euro quote. The recommendation adds a current analyst signal to a stock whose recent trading has been shaped by both artificial intelligence storage demand and supply concerns.
Market data put Western Digital's market capitalization at USD 152.2 billion on October 5, 2026. Its 52-week range was USD 112.52 to USD 799.87, leaving the latest primary-market context well below the yearly high.
Revenue growth meets fresh guidance
According to Yahoo Finance on September 8, 2026, Western Digital's fiscal 2026 revenue reached USD 12.9 billion, up 36.00 percent year over year. Operating cash flow reached USD 3.93 billion in fiscal 2026, up 132.00 percent, while free cash flow rose 145.00 percent to USD 3.51 billion.
For the first quarter of fiscal 2027, management expected revenue of USD 4.0 billion to USD 4.2 billion and gross margin of 55.00 percent to 56.00 percent, according to Yahoo Finance. That forecast gives the analyst target a measurable operating backdrop rather than relying only on sector sentiment.
Supply expansion challenges the thesis
A separate October 2, 2026 report from MarketBeat linked a sharp Western Digital selloff to concerns about Toshiba's planned HDD capacity expansion. The potential increase in supply matters because Western Digital's fiscal fourth-quarter revenue was USD 3.75 billion, up 43.80 percent year over year, while earnings per share reached USD 3.56.
The contrast is clear: fiscal 2026 revenue and cash flow accelerated, but the market is also testing whether tight HDD supply can support those growth rates. For investors, the next evidence point is the delivery of the USD 4.0 billion to USD 4.2 billion fiscal first-quarter revenue outlook.
Western Digital stock trades in euros
Western Digital stock was trading at EUR 386.75 at Lang & Schwarz on October 6, 2026 at 11:05 a.m. CEST, minus 1.53 percent versus the Lang & Schwarz prior close of EUR 392.75. The company is listed on NASDAQ under ticker WDC, and its primary quotation currency is USD.
The further course of trading is shown by the continuously updated real-time quote of Western Digital stock.
Western Digital stock at a glance
- Company: Western Digital Corporation
- ISIN: US9581021055
- Ticker: WDC
- Primary exchange: NASDAQ
- Price Lang & Schwarz (as of October 6, 2026, 11:05 a.m. CEST): EUR 386.75
- Change versus prior close: minus 1.53 percent
- Prior close Lang & Schwarz (October 5, 2026): EUR 392.75
- Market capitalization: USD 152.2 billion (as of October 5, 2026)
- 52-week range: USD 112.52-USD 799.87 (as of October 5, 2026)
- Sector / Industry: Technology / Computer Hardware
