{
  "id": 17770374,
  "title": "Prediction: This Will Be Western Digital's Stock Price in 2030",
  "url": "https://urgent.news/2026/11/02/prediction-this-will-be-western-digitals-stock-price-in-2030",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T08:44:01.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/11/02/prediction-this-will-be-western-digital-s-stock-price-in-2030/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Western Digital's stock has rebounded around 7% since October 23, but remains 51% below its June record high. The hard drive maker's earnings per share grew 161% year-over-year. My estimate for the stock price in 2030 stands at about $500, based on adjusted earnings per share of $33.50 multiplied by a P/E ratio of 15. This would yield an 8% annual return before dividends. While the stock is unlikely to reach the June high by 2030, Western Digital's revenue and profitability have shown impressive growth. First-quarter revenue jumped 55% to $4.38 billion, and adjusted gross margin expanded to 58.1%. The company's outlook is driven by higher prices for storage, with Western Digital's average price per terabyte increasing 28% year-over-year. Management expects prices to remain elevated for the next few quarters. Assuming a $5.80 earnings figure for fiscal Q2 and matching that in the final quarters, fiscal 2027 earnings per share could reach around $22. With annual revenue growth of 12.5% and buybacks reducing share count, earnings per share could grow around 15% annually. Western Digital's capital spending is focused on non-capex areas, suggesting support for pricing. While my estimate could be overly cautious, a rival's capacity could also drive prices down faster than costs. Overall, Western Digital appears to have a promising future, but modest returns around 8% are expected given the stock's volatility.",
  "summary": "The hard drive maker's profits are surging. Why could its shares still be under the June high in 2030?",
  "key_points": [
    "Western Digital stock at $500 in 2030 based on $33.50 EPS and 15 P/E ratio",
    "First-quarter revenue jumped 55% to $4.38 billion, adjusted gross margin 58.1%",
    "Revenue growth of 12.5% and buybacks expected to increase EPS 15% annually"
  ],
  "editors_take": "Rising storage prices and expanding profit margins signal a transition toward steady long-term growth, though high volatility and potential competitor capacity could limit investor returns to modest levels.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Prediction: This Will Be Western Digital's Stock Price in 2030",
        "url": "https://urgent.news/2026/11/02/prediction-this-will-be-western-digitals-stock-price-in-2030-17778706",
        "published": "2026-11-02T09:04:01.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}