Western Digital Corp. Stock Rating Upgraded by Pacific Crest (WDC)
Western Digital Corp. (NASDAQ:WDC) was upgraded by investment analysts at Pacific Crest to an “outperform” rating in a note issued to investors on Wednesday, AnalystRatingsNetwork reports.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Western Digital Corp. from $75.00 to $95.00 in a research note to investors on Tuesday. Separately, analysts at Stifel Nicolaus raised their price target on shares of Western Digital Corp. from $82.00 to $105.00 in a research note to investors on Friday, December 20th. They now have a “buy” rating on the stock. Finally, analysts at Brean Capital raised their price target on shares of Western Digital Corp. from $85.00 to $125.00 in a research note to investors on Friday, December 20th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $84.17.
Shares of Western Digital Corp. (NASDAQ:WDC) traded up 1.24% during mid-day trading on Wednesday, hitting $88.98. The stock had a trading volume of 1,833,884 shares. Western Digital Corp. has a 52 week low of $44.25 and a 52 week high of $87.97. The stock’s 50-day moving average is $81.16 and its 200-day moving average is $70.61. The company has a market cap of $21.027 billion and a P/E ratio of 22.39.
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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