Bank of America Cuts Western Digital Target Price 1.6% to $720

BofA maintains 'buy' rating on WDC while lowering price target to $720, citing volume-stagnant growth driven by pricing rather than shipment increases.

Woofun AI reports that Bank of America has retained its 'buy' recommendation for Western Digital while reducing the price target from $732 to $720. The analyst firm observed that the company's quarterly expansion was primarily fueled by higher unit prices instead of increased shipment volumes.