$WDC Surges 8.6% on AI Storage Demand, Eyes $296 All-Time High

$Western Digital(WDC)$

Western Digital Corp. (WDC) Soars +8.61%: Storage Titan Reclaims $280, Eyeing All-Time High

Latest Close Data

Closed at $282.58 on 2026-02-05, surging +8.61% (+$22.39). The stock is now just 4.7% away from its 52-week high of $296.50.

Core Market Drivers

Strong momentum continues as the data storage sector benefits from sustained AI infrastructure demand.
The company's robust product portfolio in NAND and HDD segments is driving revenue growth, with positive sentiment from recent analyst upgrades.

Technical Analysis

Volume was significant at 9.91M shares.
The latest MACD reading shows a bullish signal with the DIF (22.32) rising above the DEA (21.33) and a positive histogram (1.996).
The 12-day RSI at 63.84 indicates strong bullish momentum without being overbought.

Key Price Levels

* Primary Support: $262.00 (today's low)

* Strong Resistance: $283.51 (recent high) / $296.50 (52-week high)

* Immediate Pivot: $278.00 (pre-market level)

Valuation Perspective

The stock trades at a forward P/E of 31.74, which is significantly above its historical average of -6.66, reflecting high growth expectations in the current tech cycle.

Analyst Targets

23 analysts cover the stock with an average price target of $294.01. Sentiment is overwhelmingly positive: 5 Strong Buy, 18 Buy, 5 Hold recommendations.

Weekly Outlook

Expect consolidation near the $280-$284 resistance zone. A decisive break above $283.51 could propel the stock towards the $295-$300 target range. A pullback should find support near $262.

Risk Disclaimer

This analysis is for informational purposes only and not financial advice. Past performance does not guarantee future results. Investing involves risk, including the potential loss of principal. Please conduct your own research or consult a financial advisor before making any investment decisions.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.