On Oct 26, major Wall Street analysts update their ratings for $Western Digital (WDC.US)$, with price targets ranging from $85 to $100.
Morgan Stanley analyst Joseph Moore maintains with a buy rating, and adjusts the target price from $94 to $100.
BofA Securities analyst Wamsi Mohan maintains with a buy rating.
Citi analyst Asiya Merchant maintains with a buy rating, and adjusts the target price from $85 to $87.
Evercore analyst Amit Daryanani maintains with a buy rating, and maintains the target price at $85.
Furthermore, according to the comprehensive report, the opinions of $Western Digital (WDC.US)$'s main analysts recently are as follows:
Amidst a tentative NAND market, Western Digital performed commendably, exhibiting an increase in like-for-like pricing in September and projecting only slight declines for December, paired with a mid-single digit rise in bits and a marginal increase in NAND revenues. Looking ahead, there is optimism surrounding the potential improvement of NAND in the coming year. However, it is suggested that even without such improvement, the current valuation of the NAND asset may not fully reflect its worth, especially following the company's robust performance. The anticipated separation is likely to become the focal point moving forward.
Western Digital's recent performance and future outlook slightly missed expectations, yet it alleviated concerns regarding a complete downturn in NAND. The trajectory of the business is expected to remain stable, supported by the enterprise solid-state drive sector, while the hard disk drive segment continues to maintain a position of technological leadership.
Here are the latest investment ratings and price targets for $Western Digital (WDC.US)$ from 4 analysts:
Note:
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