On July 30, Western Digital rose 3.43% in pre-market trading, trading at $477.0/share, with turnover of $13.33 million.

On the news front, the company expects first-quarter profit and revenue to exceed market expectations, significantly boosting buying sentiment ahead of its August 5 earnings release, where consensus expects EPS of $3.24. Peer Seagate Technology previously reported strong quarterly results and surged over 9% after hours, driving a broad storage sector rebound. SanDisk gained 4.09% and Seagate rose 3.21% in sympathy.

Additionally, investment bank Wedbush raised its target price on Western Digital from $540 to $650, maintaining its Outperform rating. The new target implies significant upside from current levels, providing valuation support for capital inflows. The stock had previously declined over 12% across two consecutive sessions due to NAND industry headwinds, and the current move reflects continued recovery from that sell-off.

(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.)