What is WDC stock price target for 2026?

WallStSmart's 12-month price target for Western Digital Corporation is $298.15, representing 31.4% downside from the current price of $434.52.

What is WDC stock forecast?

Western Digital Corporation forecast includes bull, base, and bear case scenarios from 2026 through 2030. Revenue and EPS projections are derived from analyst consensus and conservative extrapolation with growth deceleration for outer years.

WDC

Western Digital Corporation

NASDAQ: WDC · TECHNOLOGY · COMPUTER HARDWARE

$434.52

+5.27% today

Updated 2026-04-30

Market cap

$138.13B

P/E ratio

38.19

P/S ratio

12.87x

EPS (TTM)

$10.58

Dividend yield

0.08%

52W range

$40 – $416

Volume

8.4M

Market cap

$138.13B

P/E ratio

38.19

P/S ratio

12.87x

EPS (TTM)

$10.58

Dividend yield

0.08%

52W range

$40 – $416

Volume

8.4M

Western Digital Corporation (WDC) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current

$434.52

Consensus

$245.09

-43.60%

2030 Target

$943.90

+117.23%

DCF

—

Current price

$434.52

Analyst consensus

$245.09

-43.60%

2030 Target

$943.90

+117.23%

Intrinsic (DCF)

—

22 analysts:

9 Buy5 Hold0 Sell

Management guidance

No specific CEO revenue guidance found in provided data. Latest analyst forecasts show FY2026 revenue of $12.55B (31.83% growth) and FY2027 revenue of $15.85B (26.32% growth). Management implicitly supporting these through strong AI-driven storage demand narrative.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$1,563.34

$26.8B Rev × 20x P/S

Base case (2030)

$943.90

$26.8B Rev × 12x P/S

Bear case (2030)

$619.44

$26.8B Rev × 8x P/S

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$6.3B	$6.3B	$9.5B	$12.6B	$15.8B	$19.5B	$23.2B	$26.8B
Revenue growth	—	1.0%	50.7%	0.3%	0.3%	0.2%	0.2%	0.2%
EPS	$-3.57	$-0.38	$5.20	$9.02	$13.83	$17.50	$20.80	$23.50
P/S ratio	—	—	—	12.0x	12.0x	12.0x	12.0x	12.0x
Implied price	—	—	—	$442.46	$560.44	$678.43	$825.92	$943.90

Catalysts & risks

Growth catalysts

+ AI data center storage demand acceleration from hyperscalers (Meta, Microsoft, Google)

+ HDD and NAND pricing recovery and margin expansion

+ Quantum computing partnership with Open Quantum Design advancing error correction capabilities

+ 5G and cloud computing infrastructure buildout driving nearline HDD demand

+ Potential share buyback and capital allocation given strong FCF generation

Key risks

- Google's TurboQuant memory compression algorithm could reduce storage demand intensity

- Cyclical semiconductor/storage pricing weakness and potential oversupply

- Geopolitical tensions affecting supply chain and customer capex (noted in March 2026 news)

- Competition from Seagate, Micron, and other storage vendors

- Historical -10.7% 5Y revenue CAGR shows cyclicality despite recent 50.7% growth bounce

Methodology

Western Digital Corporation's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 22 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.