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Equities research analysts at Needham & Company LLC hoisted their price objective on shares of Western Digital Corp. (NYSE:WDC) from $100.00 to $110.00 in a research note issued to investors on Monday. The firm currently has a “strong-buy” rating on the stock. Needham & Company LLC’s target price would suggest a potential upside of 13.94% from the stock’s previous close.

Shares of Western Digital Corp. (NYSE:WDC) opened at 96.54 on Monday. Western Digital Corp. has a one year low of $59.36 and a one year high of $96.67. The stock has a 50-day moving average of $89.81 and a 200-day moving average of $87.33. The company has a market cap of $22.693 billion and a P/E ratio of 22.41.

Western Digital Corp. (NYSE:WDC) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.94 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.87 by $0.07. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.73 billion. On average, analysts predict that Western Digital Corp. will post $8.00 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Rhino Trading initiated coverage on shares of Western Digital Corp. in a research note on Monday, June 16th. They set a “buy” rating and a $110.00 price target on the stock. Separately, analysts at Barclays upgraded shares of Western Digital Corp. from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, May 14th. They now have a $98.00 price target on the stock, up previously from $95.00. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Western Digital Corp. in a research note on Thursday, May 1st. They now have a $105.00 price target on the stock. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $99.13.

In other Western Digital Corp. news, Insider Michael D. Cordano sold 4,059 shares of the company’s stock on the open market in a transaction dated Monday, June 23rd. The shares were sold at an average price of $91.22, for a total value of $370,261.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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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