Western Digital Corp. Price Target Increased to $102.00 by Analysts at Merrill Lynch (WDC)
Equities researchers at Merrill Lynch lifted their price target on shares of Western Digital Corp. (NYSE:WDC) from $88.98 to $102.00 in a research report issued on Thursday, Analyst Ratings News reports. The firm currently has a “buy” rating on the stock. Merrill Lynch’s price target would suggest a potential upside of 14.63% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. upgraded shares of Western Digital Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. They now have a $102.00 price target on the stock, up previously from $87.00. Separately, analysts at RBC Capital raised their price target on shares of Western Digital Corp. from $78.00 to $92.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Pacific Crest upgraded shares of Western Digital Corp. from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $105.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $90.71.
Shares of Western Digital Corp. (NYSE:WDC) opened at 88.98 on Thursday. Western Digital Corp. has a 1-year low of $44.25 and a 1-year high of $89.20. The stock has a 50-day moving average of $81.59 and a 200-day moving average of $70.74. The company has a market cap of $21.027 billion and a P/E ratio of 22.66.
Western Digital Corporation (NYSE: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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