Morgan Stanley Raises Price Target on Western Digital (WDC). Here is Why

Morgan Stanley has increased the price targets for both Western Digital (WDC) and Seagate Technology Holdings (STX). The financial institution raised the target for Seagate Technology Holdings by $268. These adjustments reflect a positive outlook from Morgan Stanley regarding the valuation and future performance of these two major players in the data storage industry, signaling confidence in the growth potential of WDC and STX within the current market environment.