Western Digital Corporation (WDC) Receives ‘Analyst’ Rating

Western Digital Corporation (WDC) has an average broker rating of 1.64, which is interpreted as a Buy, as rated by 22 equity analysts. Nonetheless, 15 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 5 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 considers that the stock is a Sell.

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 $38. The consolidated price target from 16 rating analysts who initiate coverage on the stock is $62.39 and the possibility the share price can swing is $12.96.


Also, Equity Analysts at the Brokerage Firm, Benchmark, maintains their rating on the shares of Western Digital Corporation (NASDAQ:WDC). Benchmark has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $53.3 per share from a prior target of $67. The rating by the firm was issued on September 8, 2016.

Western Digital Corporation (NASDAQ:WDC): After opening at $52.11, the stock dipped to an intraday low of $51.98 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $53.34 and the buying power remained strong till the end. The stock closed at $53.28 for the day, a gain of 2.48% for the day session. The total traded volume was 3,977,542. The stocks close on the previous trading day was $51.99.

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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