Zacks Rating on Western Digital Corporation (WDC)

Western Digital Corporation (WDC) : The consensus on Western Digital Corporation (WDC) based on 21 analyst recommendation on the company stock is 1.86, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 13 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Western Digital Corporation (WDC).

Western Digital Corporation (WDC) : Currently there are 14 street experts covering Western Digital Corporation (WDC) stock. The most bullish and bearish price target for the stock is $97 and $35 respectively for the short term. The average price target of all the analysts comes to $60.29. The estimated standard deviation from the target is $14.74.


Shares of Western Digital Corporation appreciated by 1.57% during the last five trading days but lost 10.7% on a 4-week basis. Western Digital Corporation is up 11.24% in the last 3-month period. Year-to-Date the stock performance stands at -20.86%. Western Digital Corporation (NASDAQ:WDC): stock turned positive on Tuesday. Though the stock opened at $46.18, the bulls momentum made the stock top out at $46.7499 level for the day. The stock recorded a low of $45.83 and closed the trading day at $46.5, in the green by 0.78%. The total traded volume for the day was 3,170,715. The stock had closed at $46.14 in the previous days trading.

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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