Western Digital Corp. (NASDAQ:WDC) is considered one of the most undervalued NASDAQ stocks to buy now. Benchmark has raised its price target for WDC to $115 from $85, citing extended lead times for high-capacity drives due to increased demand.

Benchmark also revised its fiscal year 2026 projections for Western Digital Corp., now forecasting non-GAAP earnings of $7.29 per diluted share on sales of $11.43 billion, up from earlier expectations.

The firm anticipates Western Digital’s performance to be bolstered by the sustained strength of its AI and data center clients in fiscal year 2027.

Western Digital Corp. is well-known for manufacturing data storage solutions and devices, including external storage systems, NAND flash-based solutions, and hard disk drives.

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Read more at Yahoo Finance: Western Digital (WDC) Sees Price Target Raised Amid Strong AI, Data Center Demand