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Cantor Fitzgerald keeps Western Digital at Overweight with $625 target

Cantor Fitzgerald maintained its Overweight rating on Western Digital with a $625 price target, citing revenue beat and higher margin guidance, per TradingView.

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what happened

Cantor Fitzgerald analysts kept their Overweight rating on Western Digital shares and set a price target of $625. The target implies 76.5% upside from the October 22 close of $354.19. The information was published by TradingView, with rating data provided by Benzinga.

The analyst note cites revenue of $4.38 billion, above both expectations and consensus estimates. The company guided to next-quarter revenue of $5.10 billion, pointing to strong year-over-year growth and firm demand in the HDD market. Gross margin came in at 58.1%, also ahead of consensus, and the company expects 60.5% in the coming quarter.

why it matters

Reports like this matter as a read on HDD demand and pricing across the industry. The margin gains are linked to favorable pricing and a shift toward higher-capacity, higher-value products. A single analyst rating usually moves one stock more than the sector as a whole.

market impact

Western Digital and HDD makers: strong revenue and margins support interest in the stock.

tags

Analyst RatingStockUnited States

instruments

WDC

sources

  1. Cantor Fitzgerald maintains Overweight rating on Western Digital, $625 price target — TradingView, 23 October 2026 at 11:07 UTC
  2. Cantor Fitzgerald maintains Overweight rating on The Elmet Group, $30 price target — TradingView, 23 October 2026 at 11:11 UTC
  3. Cantor Fitzgerald maintains Overweight rating on Netstreit, $21 price target — TradingView, 23 October 2026 at 11:10 UTC
  4. Rosenblatt maintains Buy rating on Western Digital, $650 price target — TradingView, 23 October 2026 at 12:02 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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