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Western Digital inches higher as Evercore initiates coverage at Outperform [Seeking Alpha]
Last western digital corporation earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations: investor.wdc.com
Evercore also set its price target to $80. Western Digital added about 1% during early market trading Wednesday. It's been a steady riser, with shares increasing in value by year to date and over the past 12 months. Evercore eyes cyclical improvement in the digital storage market and a simplification in Western Digital's business model as the primary drivers behind the Outperform rating. "While investors have been somewhat wary of the name given it's 'too complicated,' we expect the story to get 'less complicated' over the next approximately two to three quarters as WDC splits in two distinct assets," said Evercore's Amit Daryanani and others in an investors note. Evercore expects recovery and strengthening in both the hard disk drive, HDD, market and the flash memory, or NAND, market. "Structurally, CY24 could be a strong recovery year for NAND," Daryanani notes. "Though we certainly don't think this will be without the traditional memory volatility." PC refresh and a sm
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- Western Digital Co. (NASDAQ: WDC) had its price target raised by analysts at Evercore ISI from $80.00 to $85.00. They now have an "outperform" rating on the stock.[MarketBeat]
- Western Digital Co. (NASDAQ: WDC) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $85.00 price target on the stock.[MarketBeat]
- Western Digital (WDC) Q3 Earnings & Revenues Beat Estimates [Yahoo! Finance][Yahoo! Finance]
- Western Digital Co. (NASDAQ: WDC) had its price target raised by analysts at Robert W. Baird from $65.00 to $100.00. They now have an "outperform" rating on the stock.[MarketBeat]
- Western Digital Co. (NASDAQ: WDC) had its price target raised by analysts at Morgan Stanley from $83.00 to $86.00. They now have an "overweight" rating on the stock.[MarketBeat]
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WDC
SEC Filings
SEC Filings
- 4/25/24 - Form 8-K
- 4/9/24 - Form 4
- 4/8/24 - Form 144
- WDC's page on the SEC website
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