Cantor Fitzgerald Raises WDC Target to $900; $48M Short Position Faces Liquidation at $673.41
WDC has more than doubled off its 52-week low of $62.65.
Summary
Cantor Fitzgerald has significantly raised its price target for Western Digital to $900 from $660, maintaining an overweight rating. This highly bullish analyst call comes as on-chain data reveals a substantial $47.9 million short position, leveraged 10x, with a liquidation price just 2.9% above the current stock price at $673.41. This creates a potential short squeeze scenario. The news follows a strong Q3 FY2026 performance, strategic debt reduction, and a new executive hire, all contributing to a positive narrative for WDC.
At the time of this announcement, WDC was trading at $650.74 on NASDAQ in the Technology sector, with a market capitalization of approximately $224.7B. The 52-week trading range was $62.65 to $799.87. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.