Hedge fund activity around "wdc stock price" has ticked higher, with data showing net inflows into semiconductor plays. This rotation suggests market players are positioning for cyclical tech upside. Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.12 to $6.62 per share. WDC boasts an average earnings surprise of 6.8%. The previous big move we wrote about was about 24 hours ago when the stock gained 7.6% on the news that several investment banks, including Morgan Stanley and Rosenblatt Securities, significantly raised their price targets on the stock, citing a strengthening market for hard disk drives (HDDs). Morgan Stanley hiked its price target to $171 from $99, while Rosenblatt increased its target to $125 from $90, with both firms maintaining a 'Buy' or 'Overweight' rating. Analysts attribute the optimism to a surge in demand for data storage, driven by increased cloud infrastructure spending and accelerating investments in AI technologies. Rosenblatt noted that the "Age of AI runs on data" and that HDDs provide the lowest-cost solution for mass storage, predicting that demand will outstrip supply through fiscal year 2027. This positive analyst sentiment comes as Western Digital benefits from a strong HDD cycle, which has been reflected in its recent price increases across its product portfolio. Tech analysts forecast upside potential if hyperscale clients increase procurement amid cloud usage surges.