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Citigroup Says Buy These 2 Storage Stocks Amid Cyclical Demand Recovery [Yahoo! Finance]
Last western digital corporation earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations: investor.wdc.com
by a sharp downturn caused by prolonged COVID lockdowns in China, a war in Eastern Europe, and broader macroeconomic slowdowns that dampened cloud computing demand, collectively, the HDD and SSD sectors are now poised for a cyclical recovery. That is the conclusion reached by Citigroup's Asiya Merchant, who has been assessing the digital storage sector's prospects. “Following several quarters of storage digestion, capex cuts and workforce reductions, we expect the storage media industry dynamics to improve from here with the return of pent-up storage demand led by hyperscalers,” the 5-star analyst said. “Total revenues for the storage media industry are poised to grow by ~25% CAGR over the next 3 years, largely driven by total PB growth of ~30% CAGR. Enterprise data is expected to continue to grow at 40%+ CAGR as AI becomes an incremental driver for data creation, storage, and data management.” Against this backdrop, let's follow Merchant's argument in detail and examine two stora
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- Is Western Digital (NASDAQ:WDC) One of the Best Hardware Stocks To Buy According To Goldman Sachs? [Yahoo! Finance][Yahoo! Finance]
- Long-Term Shareholders of Western Digital, Shift4 Payments, Masimo, Fidelity National Information Alert: Johnson Fistel, LLP Encourages Investors to Submit Their Information Below[GlobeNewswire]
- Adeia's Pioneering Hybrid Bonding Technology Continues to Capture Attention [Yahoo! Finance][Yahoo! Finance]
- Western Digital (WDC) Stock Sinks As Market Gains: What You Should Know [Yahoo! Finance][Yahoo! Finance]
- Western Digital Co. (NASDAQ: WDC) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $100.00 price target on the stock.[MarketBeat]
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