Western Digital (WDC) maintains a strong bullish trend, trading well above its 200-day moving average. Get the full chart analysis.
Western Digital Corp.
(NASDAQ:WDC) stock rose in Tuesday's session.
The stock built on Monday's more than 11% rally after Cantor Fitzgerald raised its price forecast, citing sustained demand from artificial intelligence infrastructure spending.
The Nasdaq gained 0.65%, while the S&P 500 advanced 0.13%.
Cantor Sees AI Spending Driving Long-Term Growth Cantor Fitzgerald raised its price forecast on Western Digital to $900 from $660 and maintained an Overweight rating.
Western Digital is rallying as Morgan Stanley raises its target to $650, citing a 30% explosion in enterprise data storage demand.
Western Digital shares are booming Monday. Morgan Stanley reaffirmed its Overweight rating and raised the price target to $650.
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