Western Digital Stock Surges, Investors See 3x Returns

Western Digitals stock surged over six percent following Morgan Stanleys price target increase, reflecting optimism for the companys future value. Mizuho maintained its Outperform rating, highlighting strong, long-term demand from top customers. The broader market also rallied due to the Federal Reserves signals of lower short-term interest rates and a focus on economic growth, leading to expectations of more aggressive rate cuts. Western Digital has been a strong performer, with investments seeing significant growth over the past five years.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.