Western Digital Corporation (WDC) to Relaunch G-DRIVE Brand

Western Digital Corporation (NASDAQ:WDC) is one of the Best Stocks to Buy and Hold For the Next 3 Years. On February 19, Western Digital Corporation (NASDAQ:WDC) announced that it is relaunching its G-DRIVE brand as a single umbrella for all its high-end external storage drives aimed at content creators.

Management noted that the relaunch will result in the former SanDisk logo being replaced by “G.” This move follows the company’s split in 2025 to become a pure play HDD company. The initial product line-up under the G-DRIVE brand includes ArmorATD, G-DRIVE, G-DRIVE PROJECT, G-DRIVE PROJECT 2, and G-RAID SHUTTLE 4/8.

​That said, Wall Street has a bullish sentiment on Western Digital Corporation (NASDAQ:WDC). Recently, on February 18, Aaron Rakers from Wells Fargo reiterated a Buy rating on the stock and raised the price target from $260 to $335. On the same day, Amit Daryanani from Evercore ISI also reiterated a Buy rating on the stock with a price target of $310. Overall, the Street’s 12-month price target reflects more than 19% upside from the current level.

Western Digital Corporation (NASDAQ:WDC) is one of the world’s largest manufacturers of hard disk drives and data storage solutions, serving consumer, enterprise, and cloud markets. The company was founded in 1970 and is headquartered in San Jose, California.

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