• Evercore ISI has set a new price target for Western Digital (NASDAQ:WDC) at $230, indicating a potential upside.
• The stock's resilience is evident despite slight fluctuations, with a trading range between $216.83 and $229.99.
• Increased demand for memory chips, driven by the AI trade, benefits Western Digital and its competitors, highlighting the company's strong position in the data storage industry.

Western Digital (NASDAQ:WDC) is a prominent player in the data storage industry, known for its hard drives and solid-state drives. The company competes with other giants like Seagate and Micron. On January 16, 2026, Evercore ISI set a new price target for WDC at $230, a 3.83% increase from its current trading price of $221.51.

The stock's current price of $221.51 reflects a slight decrease of 0.27% or $0.59. Despite this, the stock has shown resilience, with a trading range between $216.83 and $229.99 during the day. Over the past year, WDC has experienced significant volatility, with a high of $230.48 and a low of $28.83.

Susquehanna's recent upgrade of Seagate and increased price target for WDC highlights the positive sentiment surrounding these stocks. The ongoing AI trade is driving demand for memory chips, benefiting companies like Western Digital, Micron, and SanDisk, as discussed by Marley Kayden.

Western Digital's market capitalization stands at approximately $75.93 billion, reflecting its strong position in the industry. The trading volume for the day is 8,950,350 shares, indicating active investor interest. As the demand for memory chips continues to rise, WDC remains a key player in the market.