Western Digital Corp. Price Target Raised to $56.00 at JPMorgan Chase & Co. (WDC)
Stock analysts at JPMorgan Chase & Co. raised their target price on shares of Western Digital Corp. (NASDAQ:WDC) from $47.00 to $56.00 in a report issued on Friday, AmericanBankingNews.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price suggests a potential downside of 22.90% from the company’s current price.
A number of other analysts have also recently weighed in on WDC. Analysts at FBN Securities downgraded shares of Western Digital Corp. from an “outperform” rating to a “sector perform” rating in a research note to investors on Friday. They now have a $75.00 price target on the stock, up previously from $70.00. Separately, analysts at Barclays raised their price target on shares of Western Digital Corp. from $65.00 to $75.00 in a research note to investors on Friday. They now have an “equal weight” rating on the stock. Finally, analysts at Needham & Company raised their price target on shares of Western Digital Corp. from $77.00 to $81.00 in a research note to investors on Wednesday. They now have a “strong-buy” rating on the stock. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $74.83.
Shares of Western Digital Corp. (NASDAQ:WDC) traded up 2.96% on Friday, hitting $72.63. 3,249,933 shares of the company’s stock traded hands. Western Digital Corp. has a 52-week low of $32.25 and a 52-week high of $70.61. The stock has a 50-day moving average of $64.9 and a 200-day moving average of $59.29. The company has a market cap of $17.213 billion and a P/E ratio of 17.72.
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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