77/100BWestern Digital stock forecast 2027–2031What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Western Digital is 617.15, 134.1% above the current price of 263.63. Their targets range from 405.00 to 1,050.00.
Of the 18 firms that rated Western Digital in the past 12 months, 15 rate it buy or strong buy, 3 hold and 0 sell or strong sell (each firm at its latest rating): a Strong buy consensus.
Analysts' 1-year price targets range from 405.00 to 1,050.00, with an average of 617.15.
| Buy | 15 | |
| Hold | 3 | |
| Sell | 0 |
12-month price target
| Highest target | 1,050.00 |
| Average target | 617.15 |
| Lowest target | 405.00 |
| Current price | 263.63 |
Western Digital price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Western Digital price target and rating?
How analysts rate Western Digital, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
15 of 18 firms rate it buy now, against 16 of 19 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Western Digital analyst upgrades, downgrades and price targets
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 26 Oct 2026 | Argus Research | Reiterated · Buy | 300.00 → 500.00 | +66.7% | 343.95 |
| 23 Oct 2026 | Cantor Fitzgerald | Reiterated · Overweight | 900.00 → 625.00 | -30.6% | 354.19 |
| 23 Oct 2026 | Susquehanna | — | 500.00 → 405.00 | -19.0% | 354.19 |
| 23 Oct 2026 | Mizuho Securities Vijay Rakesh | — | 590.00 → 490.00 | -16.9% | 354.19 |
| 23 Oct 2026 | UBS | Reiterated · Neutral | 435.00 → 625.00 | +43.7% | 354.19 |
| 23 Oct 2026 | Goldman Sachs | — | 615.00 → 540.00 | -12.2% | 354.19 |
| 23 Oct 2026 | Morgan Stanley Erik Woodring | Reiterated · Overweight | 643.00 → 668.00 | +3.9% | 354.19 |
| 23 Oct 2026 | UBS | — | 470.00 → 435.00 | -7.4% | 354.19 |
| 23 Oct 2026 | Robert W. Baird Tristan Gerra | — | 630.00 → 900.00 | +42.9% | 354.19 |
| 22 Oct 2026 | Goldman Sachs James Schneider | — | 400.00 → 615.00 | +53.8% | 354.19 |
| 20 Oct 2026 | Morgan Stanley | Reiterated · Overweight | 676.00 → 643.00 | -4.9% | 352.21 |
| 16 Oct 2026 | Wells Fargo | Reiterated · Overweight | 730.00 → 450.00 | -38.4% | 356.45 |
| 12 Oct 2026 | UBS | Reiterated · Neutral | 525.00 → 470.00 | -10.5% | 397.28 |
| 6 Aug 2026 | Morgan Stanley | — | 650.00 → 676.00 | +4.0% | 460.47 |
| 6 Aug 2026 | Robert W. Baird | — | 450.00 → 630.00 | +40.0% | 466.24 |
| 6 Aug 2026 | Mizuho Securities | — | 685.00 → 590.00 | -13.9% | 519.17 |
| 6 Aug 2026 | UBS Timothy Arcuri | Reiterated · Neutral | 560.00 → 525.00 | -6.3% | 519.17 |
| 13 Jul 2026 | UBS | — | 375.00 → 560.00 | +49.3% | 558.36 |
| 10 Jul 2026 | Wells Fargo Aaron Rakers | Reiterated · Overweight | 575.00 → 730.00 | +27.0% | 578.05 |
| 8 Jul 2026 | Susquehanna Mehdi Hosseini | Reiterated · Neutral | 285.00 → 500.00 | +75.4% | 550.15 |
| 29 Jun 2026 | Cantor Fitzgerald | Reiterated · Overweight | 660.00 → 900.00 | +36.4% | 586.45 |
| 29 Jun 2026 | Melius Research | — | 1,050.00 | — | 586.45 |
| 15 Jun 2026 | Morgan Stanley Erik Woodring | Reiterated · Overweight | 488.00 → 650.00 | +33.2% | 562.93 |
| 8 Jun 2026 | Mizuho Securities | Reiterated · Outperform | 550.00 → 685.00 | +24.5% | 511.72 |
| 1 Jun 2026 | Wells Fargo Aaron Rakers | Reiterated · Overweight | 500.00 → 575.00 | +15.0% | 531.21 |
| 27 May 2026 | Barclays Tom O'Malley | Reiterated · Overweight | 450.00 → 620.00 | +37.8% | 524.65 |
| 26 May 2026 | Evercore ISI | Reiterated · Outperform | 500.00 → 575.00 | +15.0% | 484.28 |
| 26 May 2026 | Jefferies | — | 575.00 | — | 484.28 |
| 6 May 2026 | Mizuho Securities Vijay Rakesh | — | 470.00 → 550.00 | +17.0% | 465.26 |
| 4 May 2026 | Robert W. Baird | — | 310.00 → 450.00 | +45.2% | 431.52 |
| 1 May 2026 | Goldman Sachs | — | 250.00 → 400.00 | +60.0% | 426.22 |
| 1 May 2026 | Cantor Fitzgerald | Reiterated · Overweight | 325.00 → 660.00 | +103.1% | 433.43 |
| 1 May 2026 | Mizuho Securities | — | 340.00 → 470.00 | +38.2% | 437.01 |
| 1 May 2026 | Evercore ISI | Reiterated · Outperform | 410.00 → 500.00 | +22.0% | 442.69 |
| 1 May 2026 | UBS | Reiterated · Neutral | 500.00 → 375.00 | -25.0% | 434.52 |
| 1 May 2026 | Wells Fargo Aaron Rakers | Reiterated · Overweight | 260.00 → 500.00 | +92.3% | 434.52 |
| 1 May 2026 | Morgan Stanley | — | 306.00 → 488.00 | +59.5% | 434.52 |
| 1 May 2026 | Barclays Tom O'Malley | Reiterated · Overweight | 325.00 → 450.00 | +38.5% | 434.52 |
| 27 Apr 2026 | UBS | — | 350.00 → 500.00 | +42.9% | 404.00 |
| 21 Apr 2026 | UBS Timothy Arcuri | Reiterated · Neutral | 306.00 → 350.00 | +14.4% | 374.11 |
| 20 Apr 2026 | Evercore ISI | — | 378.00 → 410.00 | +8.5% | 367.42 |
| 8 Apr 2026 | Evercore ISI | — | 230.00 → 378.00 | +64.3% | 338.78 |
| 6 Feb 2026 | Susquehanna Mehdi Hosseini | — | 205.00 → 285.00 | +39.0% | 260.19 |
| 4 Feb 2026 | Mizuho Securities | Reiterated · Outperform | 325.00 → 340.00 | +4.6% | 290.24 |
| 3 Feb 2026 | New Street | — | 250.00 | — | 290.24 |
| 3 Feb 2026 | Goldman Sachs James Schneider | — | 220.00 → 250.00 | +13.6% | 290.24 |
| 3 Feb 2026 | Truist Financial | — | 310.00 | — | 287.39 |
| 3 Feb 2026 | Argus Research Jim Kelleher | — | 300.00 | — | 295.00 |
| 2 Feb 2026 | Robert W. Baird | — | 180.00 → 310.00 | +72.2% | 259.94 |
| 30 Jan 2026 | Mizuho Securities | — | 265.00 → 325.00 | +22.6% | 278.41 |
Western Digital EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Western Digital's EPS to grow 30.6% a year until 2029.
Analysts expect Western Digital's revenue to grow 41.5% a year until 2029. Over the last 5 years it fell 5.3% a year, and over the last 3 years it grew 27.4%.
Revenue
EPS
Does Western Digital beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 42.4% off the result, either way, and their revenue estimate 14.3%, over the last 12 quarters.
- EPS beats
- 113 / 136
- Revenue beats
- 86 / 116
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +42.4%
- Since
- January 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q1 FY2027 | 22 Oct 2026 | 4.11 | 4.64 | +12.9% | 4.14B | 4.38B | +5.7% |
| Q4 FY2026 | 5 Aug 2026 | 3.31 | 3.56 | +7.6% | 3.70B | 3.75B | +1.3% |
| Q3 FY2026 | 30 Apr 2026 | 2.39 | 2.72 | +13.8% | 3.25B | 3.34B | +2.8% |
| Q2 FY2026 | 29 Jan 2026 | 1.93 | 2.13 | +10.4% | 2.93B | 3.02B | +3.0% |
| Q1 FY2026 | 30 Oct 2025 | 1.59 | 1.78 | +11.9% | 2.73B | 2.82B | +3.2% |
| Q4 FY2025 | 30 Jul 2025 | 1.48 | 1.66 | +12.2% | 2.47B | 2.61B | +5.4% |
| Q3 FY2025 | 30 Apr 2025 | 1.12 | 1.36 | +21.4% | 2.31B | 2.29B | -0.9% |
| Q2 FY2025 | 29 Jan 2025 | 1.35 | 1.77 | +31.1% | 4.26B | 4.29B | +0.6% |
| Q1 FY2025 | 24 Oct 2024 | 1.72 | 1.78 | +3.5% | 4.12B | 2.21B | -46.3% |
| Q4 FY2024 | 31 Jul 2024 | 0.89 | 1.44 | +61.4% | 3.75B | 2.00B | -46.5% |
| Q3 FY2024 | 25 Apr 2024 | 0.16 | 0.63 | +284.1% | 3.37B | 1.75B | -48.0% |
| Q2 FY2024 | 25 Jan 2024 | -1.13 | -0.69 | +38.9% | 3.31B | 3.03B | -8.4% |
Western Digital stock price 2027–2031: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Western Digital's earnings grow at the 74.4% a year analysts expect to FY2029, then 15.0% a year, it would earn about 71.45 a share in FY2031. At the P/E it has traded at over the last five years (6.8 to 20.0) that is 487.37 to 1,430.58 a share, or 856.58 at its average P/E of 12.0. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2027 | 24.73 | 168.72 | 296.53 | 495.23 |
| FY2028 | 40.43 | 275.77 | 484.68 | 809.47 |
| FY2029 | 54.03 | 368.52 | 647.70 | 1,081.73 |
| FY2030 (extrapolated) | 62.13 | 423.80 | 744.86 | 1,243.99 |
| FY2031 (extrapolated) | 71.45 | 487.37 | 856.58 | 1,430.58 |
Each year's EPS is the analysts' consensus to FY2029; the years after grow 15.0% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (6.8, 12.0, 20.0).
Is Western Digital stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Western Digital's P/E of 9.2 is near the bottom of its 5-year range (9.2 to 39.9, median 25.9). It is within 5% of its 5-year low. Analysts do not expect slower growth than in recent years, so it is cheaper than its usual level. Buyers pay less for each point of growth than usual: a PEG of 0.3 on expected growth against 0.5 on its median P/E and past five years' growth. Fair value is not a reliable guide for Western Digital: it made a loss in FY2024, so its usual P/E says little about what it is worth. Its forward P/E, on the consensus for FY2027, is 10.7.
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 9.19
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 25.92
- Five-year P/E range
- 9.2 – 39.9
- Forward P/E (FY2027)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 10.66
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 0.12
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +134.1%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 99.090 | 194.93146Price 99.09244 | +96.7% | |
| 42.225 | 82.9546Price 42.23165 | +96.4% | |
| 186.680 | 360.82271Price 186.68451 | +93.3% | |
| 213.670 | 405.57304Price 213.67507 | +89.8% | |
| 161.160 | 305.51157Price 161.16396 | +89.6% | |
| 160.650 | 300.09225Price 160.65375 | +86.8% | |
| 165.860 | 308.95212Price 165.86442 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.