AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
_6ff029a61766633234293.png?format=webp&width=1186&height=250)
Western Digital Stocks Rise as Morgan Stanley Promotes to Top Pick
ByAinvest
Wednesday, Sep 3, 2025 9:25 am ET1min read
Western Digital shares rose 3.4% in premarket trading after Morgan Stanley elevated the stock to its Top Pick, citing confidence in the company's technology roadmap and capital return plans. The bank lifted its price target to $99 from $92, highlighting the attractiveness of hard-disk drives (HDDs) as the most attractive end-market within its hardware coverage. Morgan Stanley noted Western Digital's technology progress, particularly in energy-assisted magnetic recording (ePMR) and UltraSMR products, and emphasized the company's capital allocation priorities, including buybacks and dividends.
Western Digital Corporation (NASDAQ: WDC) shares experienced a significant boost in premarket trading on September 2, 2025, after Morgan Stanley upgraded the stock to its Top Pick. The investment bank cited confidence in Western Digital's technology roadmap and capital return plans, leading to a 3.4% increase in share price. Morgan Stanley also lifted its price target to $99 from $92, highlighting the attractiveness of hard-disk drives (HDDs) within its hardware coverage [1].The upgrade reflects Morgan Stanley's optimism about Western Digital's technology progress, particularly in energy-assisted magnetic recording (ePMR) and UltraSMR products. The bank emphasized the company's capital allocation priorities, including buybacks and dividends, as key factors contributing to the positive outlook [1].
Western Digital's stock price reached a 52-week high of $78.92 on August 25, 2025, indicating strong market sentiment and investor confidence in the company's growth prospects [2]. The company's technology advancements and strategic focus on capital return plans have positioned it as a strong player in the data storage industry, with analysts projecting earnings per share (EPS) between $4.57 and $6.38 for FY2025 [3].
References:
[1] https://www.investing.com/equities/western-digital
[2] https://www.investing.com/equities/western-digital
[3] https://www.investing.com/equities/western-digital
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet