Western Digital Corporation (NASDAQ:WDC) is considered one of the most undervalued tech giants according to hedge funds, with a ‘Buy’ rating from 77% of analysts and a median price target of $182. The stock has seen a significant increase in 2025, with year-to-date gains of 303%.

Mizuho reaffirmed its ‘Outperform’ rating on Western Digital Corporation on December 17, with a price target of $180 following an investor call. The company has strong visibility with leading customers through 2027-2029, leading to improved margins and lower customer costs.

Morgan Stanley raised the price target on Western Digital Corporation to $228 from $188, maintaining an ‘Overweight’ rating. The firm prefers cloud capex winners and product-cycle beneficiaries in the IT hardware market, while remaining cautious on memory-exposed names.

Founded in 1970, Western Digital Corporation is based in California and provides data storage devices and solutions through various channels. The company has long-term agreements with customers through 2027-2029, highlighting strong pricing visibility and improved margins.

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Read more at Yahoo Finance: After a 4x Surge, Is There Anything Left to Gain in Western Digital Corporation (WDC)?