Western Digital Corp. Stock Rating Upgraded by BMO Capital Markets (WDC)
Western Digital Corp. (NYSE:WDC) was upgraded by BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $106.00 price objective on the stock, up from their previous price objective of $75.00. BMO Capital Markets’ price objective would suggest a potential upside of 19.29% from the company’s current price.
WDC has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Western Digital Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Friday. They now have a $107.00 price target on the stock. Separately, analysts at Merrill Lynch raised their price target on shares of Western Digital Corp. from $88.98 to $102.00 in a research note to investors on Thursday, January 16th. They now have a “buy” rating on the stock. Finally, 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, January 16th. They now have a $102.00 price target on the stock, up previously from $87.00. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $93.76.
Shares of Western Digital Corp. (NYSE:WDC) traded up 0.05% on Tuesday, hitting $88.86. 3,057,788 shares of the company’s stock traded hands. Western Digital Corp. has a 52 week low of $44.44 and a 52 week high of $90.44. The stock has a 50-day moving average of $82.80 and a 200-day moving average of $71.35. The company has a market cap of $20.999 billion and a P/E ratio of 22.62.
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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