On Oct 25, major Wall Street analysts update their ratings for $Western Digital (WDC.US)$, with price targets ranging from $80 to $100.
Morgan Stanley analyst Joseph Moore maintains with a buy rating, and adjusts the target price from $94 to $100.
Barclays analyst Thomas O'Malley maintains with a buy rating, and maintains the target price at $90.
TD Cowen analyst Krish Sankar maintains with a buy rating, and maintains the target price at $80.
Baird analyst Tristan Gerra maintains with a buy rating, and maintains the target price at $100.
Cantor Fitzgerald analyst C J Muse maintains with a buy rating, and adjusts the target price from $80 to $95.
Furthermore, according to the comprehensive report, the opinions of $Western Digital (WDC.US)$'s main analysts recently are as follows:
Western Digital's performance was commendable against the backdrop of a tense NAND market, with the company achieving an increase in like-for-like pricing in September and suggesting modest declines for December. The projection for bit shipments is a mid-single-digit rise with a slight uptick in NAND revenues. Looking ahead, there is a positive outlook regarding the NAND market's improvement in the coming year. Even in the absence of market improvement, the valuation of the NAND asset is believed to be underestimated. After reporting robust figures, attention is expected to shift towards the company's potential separation.
Western Digital's recent results and guidance fell slightly short of expectations, yet they alleviated concerns regarding a complete downturn in NAND. It is anticipated that the enterprise solid state drives will sustain the company's business trajectory into the following year, while the hard disk drive business maintains a position of technological leadership.
Here are the latest investment ratings and price targets for $Western Digital (WDC.US)$ from 7 analysts:
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