Cerabyte Secures Strategic Investment from Western Digital
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JPMorgan on Western Digital Corp. (WDC): 'Near term, the team does not see major impact to its business from tariffs due to strong exposure to cloud/hyperscale spending'
May 13, 2025 4:51 PM EDTJPMorgan analyst Harlan Sur reiterated an Overweight rating and $57.00 price target on Western Digital Corp. (NASDAQ: WDC)
The analyst comments "Near term, the team does not see major impact to its business from tariffs due to strong exposure to cloud/hyperscale spending. The team is seeing positive demand trends from cloud/hyperscalers spending. In fact, the team started to receive orders visibility from two large customers into the 1H of 2026.That said, the team believes there is potential for some weakness/demand uncertainty within their enterprise, client, channel, and retail parts of... More
