Western Digital Corp. (NASDAQ:WDC) ranks among the many most undervalued NASDAQ shares to purchase now. Benchmark raised its value goal for Western Digital Corp. (NASDAQ:WDC) to $115 from $85 on September 16, retaining a Purchase ranking on the corporate’s shares. In accordance with Benchmark, the hike is a results of prolonged lead occasions for high-capacity drives, which have reached almost a 12 months because of elevated demand.
Benchmark has additionally amended its fiscal 12 months 2026 projections for Western Digital Corp. (NASDAQ:WDC), now forecasting non-GAAP earnings of $7.29 per diluted share on gross sales of $11.43 billion. This determine is up from its earlier expectation of $6.92 per diluted share on gross sales of $11.15 billion.
The agency expects Western Digital’s efficiency to be pushed by the sustained energy of its AI and information heart purchasers in fiscal 12 months 2027.
Western Digital Corp. (NASDAQ:WDC) is a well known producer and developer of information storage options and units. The corporate’s product traces embody exterior storage programs, NAND flash-based options, and laborious disk drives (HDDs).
Whereas we acknowledge the potential of WDC as an funding, we consider sure AI shares supply better upside potential and carry much less draw back threat. In the event you’re on the lookout for a particularly undervalued AI inventory that additionally stands to profit considerably from Trump-era tariffs and the onshoring pattern, see our free report on the finest short-term AI inventory.
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