Western Digital Corp. (NASDAQ:WDC) is one of the 10 Stocks Stealing the Spotlight from Wall Street Giants.<\/strong><\/a> <\/p>\n Western Digital extended its winning streak to a third consecutive day on Monday to hit a new all-time high, as investors took the path from Morgan Stanley’s 33 percent price target upgrade and bullish coverage for its stock. <\/p>\n In intra-day trading, the stock climbed to its highest price of $658.80 before trimming gains to end the session just up by 16.10 percent at $653.53 apiece. <\/p>\n Photo from Western Digital website <\/p>\n In a market note, Morgan Stanley reiterated its “overweight” rating on shares of Western Digital Corp. (NASDAQ:WDC), alongside a price target of $650, a marked upgrade from its $488 target previously. <\/p>\n Morgan Stanley said that the coverage reflected Western Digital Corp.’s (NASDAQ:WDC) dual-tracked UltraSMR\/HAMR roadmap, which it believes investors continue to undervalue, saying that the latter is a source of reliability and strength rather than a technology gap versus its peers. <\/p>\n The investment firm also raised its earnings estimates for the storage maker to $22.40 and $43.47 for next year and in 2028, respectively. <\/p>\n It said that the company’s stock price holds the potential to double next year if its bull-case pricing assumptions play out. <\/p>\n While we acknowledge the potential of WDC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the\u00a0<\/a>best short-term AI stock<\/strong><\/a>. <\/p>\n READ NEXT:\u00a0<\/strong>33 Stocks That Should Double in 3 Years<\/strong><\/a> and <\/strong>Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy<\/strong><\/a>.\u00a0<\/strong> <\/p>\n<\/a><\/div>\n<\/div>\n<\/figure>\n