Brokerage Firm Rating on Western Digital Corporation (WDC)

Western Digital Corporation (WDC) : The consensus on Western Digital Corporation (WDC) based on 23 analyst recommendation on the company stock is 1.87, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 14 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. 6 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) : Average target price received by Western Digital Corporation (WDC) is $61.56 with an expected standard deviation of $15.6. The most aggressive target on the stock is $97, whereas the most downbeat target is $35. 16 financial analysts are currently covering the stock.


For the current week, the company shares have a recommendation consensus of Buy. Western Digital Corporation (NASDAQ:WDC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.39 and $43.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.89, notching a gain of 1.67% for the day. The total traded volume was 3,790,223 . The stock had closed at $43.17 on the previous day.

In a related news, Milligan Stephen D, CEO of Western Digital Corp, had purchased 22,500 shares on May 31, 2016. The total value of the transaction was $1,024,425. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.