Western Digital Corporation (WDC) : Analyst Rating Update

Western Digital Corporation (WDC) : 14 brokerage houses believe that Western Digital Corporation (WDC) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Western Digital Corporation (WDC). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 23 Wall Street Analysts endorse the stock as a Buy with a rating of 1.83.

Western Digital Corporation (WDC) stock is expected to deviate a maximum of $17.05 from the average target price of $61 for the short term period. 14 Street Experts have initiated coverage on the stock with the most promising target being $97 and the most muted being $32.

Western Digital Corporation (NASDAQ:WDC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.38 and $43.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.46, notching a gain of 1.65% for the day. The total traded volume was 4,268,631 . The stock had closed at $44.72 on the previous day.

Also, In a research note released to the investors, JP Morgan assumes its rating on Western Digital Corporation (NASDAQ:WDC).The analysts at the brokerage house have a current rating of Neutral on the shares. The rating by the firm was issued on June 15, 2016. The company shares have dropped -42.89% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $88.46 and the one year low was seen on May 16, 2016. The 50-Day Moving Average price is $45.52 and the 200 Day Moving Average price is recorded at $46.29.

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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