Analyst Rating Update on Western Digital Corporation (WDC)

Western Digital Corporation (WDC) has an average broker rating of 1.87, which is interpreted as a Buy, as rated by 23 equity analysts. Nonetheless, 14 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Western Digital Corporation (WDC) has been rated by 16 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $97 and the lowest price target forecast is $35. The average forecast of all the analysts is $61.56 and the expected standard deviation is $15.6.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Baird upgrades its rating on Western Digital Corporation (NASDAQ:WDC). The rating major has initiated the coverage with outperform rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on July 29, 2016.


Western Digital Corporation (NASDAQ:WDC): The stock opened at $44.00 on Wednesday but the bulls could not build on the opening and the stock topped out at $45.08 for the day. The stock traded down to $43.75 during the day, due to lack of any buying support eventually closed down at $44.78 with a loss of -0.60% for the day. The stock had closed at $45.05 on the previous day. The total traded volume was 5,707,299 shares.

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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