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TD Cowen keeps Buy rating on Western Digital with $430 price target

TD Cowen maintained its Buy rating and $430 target on Western Digital, citing earnings guidance above expectations, per TradingView.

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what happened

TD Cowen analysts kept their Buy rating on Western Digital shares and set a price target of $430, according to TradingView, which cites data from Benzinga. The target implies a gain of about 21.4% from the October 22 close of $354.19.

The analyst note points to earnings guidance of $5.80 per share, roughly 20% above market expectations, with gross margins estimated at 60-61%. The analysts link this to strong operational efficiency and demand for the company's products.

The note also says cloud providers are projected to account for nearly 55% of HDD demand. Analysts see this as supporting growth as data storage needs increase.

why it matters

For the market, this signals that analysts expect strong results from the hard drive maker as cloud computing expands. Such ratings shape sentiment across the storage sector, but they do not guarantee where the stock price will go.

tags

Analyst RatingStockUnited StatesCanada

instruments

WDCWestern Digital

sources

  1. TD Cowen maintains Buy rating on Western Digital, $430 price target — TradingView, 23 October 2026 at 13:00 UTC
  2. TD Cowen maintains Buy rating on Boot Barn Holdings, $160 price target — TradingView, 23 October 2026 at 13:07 UTC
  3. TD Cowen maintains Buy rating on Comcast, $36 price target — TradingView, 23 October 2026 at 13:13 UTC
  4. TD Cowen maintains Buy rating on Globe Life, $215 price target — TradingView, 23 October 2026 at 13:21 UTC
  5. TD Cowen maintains Buy rating on FirstCash Holdings, $235 price target — TradingView, 23 October 2026 at 13:19 UTC
  6. TD Cowen maintains Buy rating on Enova International, $224 price target — TradingView, 23 October 2026 at 13:17 UTC
  7. TD Cowen maintains Buy rating on Elevance Health, $495 price target — TradingView, 23 October 2026 at 13:16 UTC
  8. TD Cowen maintains Buy rating on SLM, $27 price target — TradingView, 23 October 2026 at 13:31 UTC

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

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