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Western Digital rises after Benchmark boosts PT

ReutersSep 15, 2025 3:48 PM

** Shares of data storage products maker Western Digital WDC.O rise 5% to $102.57

** Brokerage Benchmark raises PT on WDC to $115 from $85, maintains "buy" rating

** Benchmark's sources show that lead times for high-capacity drives have extended to almost one year, leading to an increase in prices

** For fiscal 2026, Benchmark expects WDC to post adj. EPS of $7.29 on sales of $11.43 billion, vs its prior forecast of earnings of $6.92 per share and sales of $11.15 billion

** WDC has risen over 110% YTD, as of Friday's close

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