Western Digital (WDC) Stock News Today: Morgan Stanley Raises Target to $228 as AI Data-Storage Cycle Stays in Focus (Dec. 17, 2025)
Western Digital shares fell 3%–4% to the high-$160s on December 17 after a volatile session, dropping from an intraday high near $181. Morgan Stanley raised its price target to $228, citing AI demand, while Mizuho kept its $180 target and noted strong multi-year customer orders and rising drive shipments.