On July 8, Western Digital rose 4.21% in regular trading, trading at $556.75/share, with turnover of $548 million. The stock rebounded after accumulating losses exceeding 13% over the previous two trading sessions.

On the news front, Susquehanna raised its price target on Western Digital from $360 to $500, adding to a series of bullish Wall Street calls. Previously, Goldman Sachs had raised its target from $400 to $650, while Melius Research initiated coverage with a buy rating and a $1,050 target price. The consensus mean target among analysts polled by FactSet stands at $608.35 with an average overweight rating.

Within the storage sector, peers also recovered alongside Western Digital, with SanDisk up 3.93%, Seagate Technology up 2.61%, and Dell Technologies up 5.68%, indicating broad-based buying following the sector-wide selloff triggered by profit-taking after Samsung Electronics reported blowout Q2 results earlier in the week.

(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.)