Goldman Sachs Reaffirms Their Hold Rating on Western Digital (WDC)

Goldman Sachs analyst James Schneider maintained a Hold rating on Western Digital yesterday and set a price target of $615.00. The company’s shares closed yesterday at $519.17.

Claim 55% Off TipRanks

• Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions
• Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks

Schneider covers the Technology sector, focusing on stocks such as Accenture, Applied Materials, and Nvidia. According to TipRanks, Schneider has an average return of 30.0% and a 63.51% success rate on recommended stocks.

In addition to Goldman Sachs, Western Digital also received a Hold from Summit Insights Group’s Kinngai Chan in a report issued today. However, on the same day, Barclays maintained a Buy rating on Western Digital (NASDAQ: WDC).

Based on Western Digital’s latest earnings release for the quarter ending April 3, the company reported a quarterly revenue of $3.34 billion and a net profit of $3.21 billion. In comparison, last year the company earned a revenue of $2.29 billion and had a net profit of $524 million

Based on the recent corporate insider activity of 123 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WDC in relation to earlier this year. Most recently, in June 2026, Vidyadhara K Gubbi, the Chief of Global Operations of WDC sold 2,475.00 shares for a total of $1,376,694.00.