Morgan Stanley Lifts Western Digital Price Target to $650 on AI Demand
New York, June 15, 2026, 10:12 EDT. Morgan Stanley lifted its price target on Western Digital to $650, saying demand for AI storage solutions is picking up. Western Digital jumped Monday as traders kept piling into storage names tied to AI. WDC traded at $637.00, up 13% from Friday’s close, after briefly reaching $657.40 earlier in the session. Seagate was moving higher too, last at $999.78, as hard-drive stocks drew more buyers on hopes for AI-fueled demand.