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WDCWestern Digital Corporation$295.64
24h
-5.00%
11 Nov, 15:02
Bullish on Western Digital targeting $800
Bullish+2.23%
AI Summary
The author expresses a strongly bullish view on Western Digital (referred to as SanDisk), citing aggressive buybacks and AI-driven storage demand to justify an $800 price target.
SanDisk is skyrocketing today. It's doing a 100% stock buyback. If the price remains stable for two years, at $10 billion per quarter, that totals $80 billion over two years. By 2028, all inventory will be sold in advance. This $800 price point is essentially the ceiling.