AI boom drives Western Digital toward $500 target.

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  "company": {
    "name": "Western Digital",
    "domain": "westerndigital.com"
  },
  "data": {
    "url": "https://247wallst.com/investing/2026/05/05/ai-boom-drives-western-digital-toward-500-target",
    "title": "AI boom drives Western Digital toward $500 target.",
    "amount": "$3.337 billion",
    "excerpt": "AI boom drives Western Digital toward $500 target.\n\nBy Vandita Jadeja Updated May 5, 12:19PM EDT · Published May 5, 10:38AM EDT\n\nQuick read.\n\n* Western Digital (WDC) reported Q3 FY2026 non-GAAP EPS of $2.72, beating estimates by 13.71%, with revenue rising 45.5% YoY to $3.337 billion, gross margin crossing 50% for the first time at 50.5%, and free cash flow climbing 158% to $978 million, driven by AI workloads across training, inference, agentic AI, and physical AI applications.\n* Western Digital's stock surge reflects a structural HDD supply-demand imbalance as hyperscalers commit to high-capacity drives at unprecedented scale, with Q4 FY26 guidance calling for 36-44% YoY revenue growth and gross margins of 51-52%.\n* The analyst who called NVIDIA in 2010 just named his top 10 stocks and Western Digital wasn't one of them. Get them here FREE.\n\nThis post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.\n\nOur Western Digital (NASDAQ:WDC | WDC Price Prediction) call is straightforward: the AI-driven HDD upcycle still has room to run, and the stock's parabolic move higher is supported by accelerating fundamentals. Our 24/7 Wall St. price target for Western Digital is $512.93, implying 15.95% upside from $442.36 over the next 12 months. We rate WDC a buy with high confidence.\n\nVideo Muted\n\n24/7 Wall...",
    "summary": "Western Digital Capital will have revenue of $3.34B on Jul 1st '26.",
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    "found_at": "2026-05-05T14:38:16Z",
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    "published_at": "2026-05-05T14:38:16Z",
    "effective_date": "2026-07-01",
    "article_sentence": "* Western Digital (WDC) reported Q3 FY2026 non-GAAP EPS of $2.72, beating estimates by 13.71%, with revenue rising 45.5% YoY to $3.337 billion, gross margin crossing 50% for the first time at 50.5%, and free cash flow climbing 158% to $978 million, driven by AI workloads across training, inference, agentic AI, and physical AI applications.",
    "amount_normalized": 3337000000
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  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
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  -d '{"domain":"westerndigital.com","limit":20}'