Barclays Upgrades Western Digital Corp. to “Overweight” (WDC)
Western Digital Corp. (NASDAQ:WDC) was upgraded by equities research analysts at Barclays to an “overweight” rating in a research note issued to investors on Wednesday, AnalystRatings.NET reports. The firm currently has a $98.00 price target on the stock, up from their previous price target of $95.00. Barclays’ price objective points to a potential upside of 18.64% from the stock’s previous close.
Separately, analysts at RBC Capital raised their price target on shares of Western Digital Corp. from $92.00 to $98.00 in a research note on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Western Digital Corp. has a consensus rating of “Buy” and a consensus price target of $90.00.
Western Digital Corp. (NASDAQ:WDC) opened at 82.60 on Wednesday. Western Digital Corp. has a 52 week low of $57.66 and a 52 week high of $95.00. The stock has a 50-day moving average of $88.40 and a 200-day moving average of $83.42. The company has a market cap of $19.417 billion and a P/E ratio of 19.27.
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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