On July 31, Western Digital rose 6.92% in regular trading, trading at $576.31/share, with turnover of $5.72 billion. The storage sector extended its strong rebound momentum, with the stock continuing to attract buy-side interest.

On the news front, Western Digital expects first-quarter profit and revenue to exceed market expectations, with robust guidance sustaining bullish sentiment. Wedbush raised its target price on the stock from $540 to $650, maintaining an Outperform rating, providing valuation support for continued capital inflows. Peer Seagate Technology previously reported strong earnings, further boosting sector-wide confidence. Within the Technology Hardware, Storage and Peripherals sector, Seagate Technology rose 7.36%, SanDisk Corp. gained 6.41%, and Dell Technologies climbed 5.41%. The company is scheduled to report earnings on August 5, with expected EPS of $3.24.

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