On August 7, Western Digital rose 3.39% in pre-market trading, trading at approximately $466.68/share, with turnover of $9.24 million. The stock is rebounding after suffering roughly a 20% decline in the prior session — its largest single-day drop in years.

On the news front, following the earnings-driven selloff, multiple investment banks maintained bullish ratings and raised target prices: BNP Paribas lifted its target from $660 to $700, Morgan Stanley from $650 to $676, and TD Cowen from $500 to $540. The prior session's plunge was triggered by forward guidance that failed to meet the market's extremely elevated expectations despite Q4 FY2026 results that beat consensus, with revenue of $3.747 billion (up 44% YoY) and adjusted EPS of $3.56 surpassing estimates. With the stock having gained approximately 200% year-to-date prior to the selloff, profit-taking was intense. The current pre-market bounce reflects a technical recovery supported by institutional bullish signals, with the broader storage sector recovering in tandem — SanDisk up approximately 4% and Seagate up roughly 1.9%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)