Western Digital (WDC) Stock Soars 14.6% After “Top Pick” by Morgan Stanley

Western Digital Corp. (WDC) saw a 14.56% surge last week, hitting a new all-time high after being named the “top pick” by Morgan Stanley.

The stock reached a 52-week high of $93.10 and rallied throughout the shortened trading week, with the biggest jump on September 3 following the investment bank’s report. Morgan Stanley expressed confidence in Western Digital’s technology roadmap after positive meetings. The firm also has strong demand visibility with non-cancellable purchase orders and long-term agreements through 2026. Price targets were raised to $99, with a bull case scenario of $125.