Rosenblatt upgraded its price target on WDC to $500 from $340 — a 47% jump. The firm kept its Buy rating. Western Digital's market cap sits near $140 billion.
Fellow storage name SNDK — SanDisk — saw an even bolder call. Susquehanna's Mehdi Hosseini doubled the target to $2,000 from $1,000. That's a 100% target price increase in a single note.
Both moves follow broader optimism around AI-driven data storage demand.
Rothschild & Co also made its debut on the photonics and networking space. The firm initiated LITE — Lumentum — with a Buy and a $1,270 target. It also started COHR at Buy with a $455 target. CIEN received a more cautious Hold initiation.
On the downside, Susquehanna trimmed its target on CTSH to $88 from $98. It kept Buy but cited IT services pressure. MA's target slipped $5 to $665 at the same firm.
MPWR was the day's quiet standout. Rosenblatt raised its target to $1,575 from $1,000 — a 57% lift — while keeping just a Hold rating.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
