Western Digital Corporation (WDC) Receives Price Target

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 $35. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $60.36 and the possibility the share price can swing is $14.7.

Western Digital Corporation (WDC) has an average broker rating of 1.86, which is interpreted as a Buy, as rated by 21 equity analysts. Nonetheless, 13 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 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.


Also, Equity Analysts at the Goldman Sachs maintains the rating on Western Digital Corporation (NASDAQ:WDC). The brokerage firm has issued a Sell rating on the shares. The Analysts at the ratings agency raises the price target from $38 per share to $39 per share. The rating by the firm was issued on August 17, 2016.

Western Digital Corporation (NASDAQ:WDC): The stock opened at $46.67 on Thursday but the bulls could not build on the opening and the stock topped out at $47.08 for the day. The stock traded down to $45.70 during the day, due to lack of any buying support eventually closed down at $46.32 with a loss of -0.75% for the day. The stock had closed at $46.67 on the previous day. The total traded volume was 3,015,138 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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