Brokerage Firm Rating Update on Western Digital Corporation (WDC)

Western Digital Corporation (WDC) : 21 analysts are covering Western Digital Corporation (WDC) and their average rating on the stock is 1.86, which is read as a Buy. 13 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Western Digital Corporation (WDC) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Western Digital Corporation (WDC) : The highest level Western Digital Corporation (WDC) is projected to reach is $97 for the short term and the lowest estimate is at $35. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $60.36 and the possibility the share price can swing is $14.7.


For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Goldman Sachs maintains its rating on Western Digital Corporation (NASDAQ:WDC).The analysts at the brokerage house have a current rating of Sell on the shares. In a recent information released to the investors, Goldman Sachs raises the new price target from $38 per share to $39 per share. The rating by the firm was issued on August 17, 2016.

Western Digital Corporation (NASDAQ:WDC): The stock opened at $49.56 and touched an intraday high of $54.18 on Wednesday. During the day, the stock corrected to an intraday low of $49.56, however, the bulls stepped in and pushed the price higher to close in the green at $53.3 with a gain of 12.09% for the day. The total traded volume for the day was 18,607,084. The stock had closed at $47.55 in the previous trading session.

Western Digital Corporation, is a data storage solutions company. The Company is a developer, manufacturer and provider of data storage solutions that enable consumers, businesses, governments and other organizations to create, manage, experience and preserve digital content. The Companys Technology product includes: Hard Disk Drives and Solid-State Drives. Hard Disk Drives, provide non-volatile data storage. Solid-State Drives, are semiconductor and non-volatile media. The Company offers solutions including: Enterprise Storage Solutions, Client Desktop and Notebook PCs, Branded Product Solutions, Consumer Electronics Solutions. The Companys products are marketed under the HGST, WD and G-Technology brand names.

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