On July 30, Western Digital rose 3.07% overnight, trading at 477.12 USD/share, with turnover of 4.269 million USD. The rally was driven by the company's forecast that first-quarter profit and revenue will exceed market expectations, boosting buying sentiment across the storage sector.

Peer Seagate Technology previously reported strong quarterly results and surged over 9% after hours, lifting the broader storage complex. SanDisk rose 3.61% and Seagate gained 3.43% in tandem. Additionally, investment bank Wedbush raised its price target on Western Digital from $540 to $650, maintaining an Outperform rating, implying significant upside from current levels and providing valuation support for capital inflows. The company is scheduled to report earnings on August 5, with consensus EPS expectations of $3.24.

(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.)