Western Digital and Seagate Remain Buys Even as Stocks on Remarkable Runs, Citi Says

1. Wall Street raises outlook for data-storage companies amid AI and cloud growth. 2. Citi boosts Western Digital's price target to $135, reflecting strong market demand. 3. Western Digital was the second-best S&P 500 stock, gaining 88% last quarter. 4. Supply shortages of hard drives are expected to create a favorable market environment. 5. Analysts predict continued growth in data center storage, benefiting Western Digital.