Western Digital Corp. PT Raised to $81.00 at Needham & Company (WDC)
Equities research analysts at Needham & Company raised their target price on shares of Western Digital Corp. (NASDAQ:WDC) from $77.00 to $81.00 in a research note issued to investors on Wednesday, Analyst Ratings Network reports. The firm currently has a “strong-buy” rating on the stock. Needham & Company’s price target points to a potential upside of 15.53% from the company’s current price.
Western Digital Corp. (NASDAQ:WDC) traded down 2.94% during mid-day trading on Wednesday, hitting $70.11. The stock had a trading volume of 2,152,034 shares. Western Digital Corp. has a 52 week low of $32.25 and a 52 week high of $70.61. The stock’s 50-day moving average is $64.9 and its 200-day moving average is $59.29. The company has a market cap of $16.616 billion and a P/E ratio of 18.15.
A number of other firms have also recently commented on WDC. Analysts at RBC Capital raised their price target on shares of Western Digital Corp. from $72.00 to $78.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Evercore Partners raised their price target on shares of Western Digital Corp. from $80.00 to $84.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Western Digital Corp. from $68.00 to $75.00 in a research note to investors on Monday. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $71.00.
Western Digital Corporation (NASDAQ:WDC) is a provider of solutions for the collection, storage, management, protection and use of digital content, including audio and video.
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