Stock Track | Western Digital Soars 8.19% After Hours on Strong Earnings Conference Results and Analyst Upgrade

Stock Track04-29 04:37

Western Digital's stock surged 8.19% during the after-hours session, marking a significant rebound from earlier trading.

The sharp upward movement followed the company's fiscal year 2026 annual earnings conference, where the results presented buoyed investor sentiment. The positive reaction suggests the company's financial performance and outlook exceeded market expectations.

Adding to the bullish sentiment, Morgan Stanley adjusted its price target on Western Digital upward to $380 from $369 while maintaining an Overweight rating. The broader storage sector also showed strength in after-hours trading, with peer Seagate Technology posting significant gains, indicating favorable industry conditions.

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