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Stock impact report

Morgan Stanley and Bernstein Positive on Western Digital (WDC) [Yahoo! Finance]

Western Digital Corporation (WDC) 
Last western digital corporation earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.wdc.com
Company Research Source: Yahoo! Finance
target on Western Digital Corporation (NASDAQ:WDC) from $368 to $380 and kept its Overweight rating on the stock. Analyst Erik Woodring said the firm's recent checks show that hard disk drive (HDD) demand continues to grow stronger. Morgan Stanley's supply and demand tracker now suggests that shortages could last through 2028. The firm also noted that the price per terabyte is much stronger than previously expected. As a result, Morgan Stanley raised its estimates for Western Digital Corporation (NASDAQ:WDC). Morgan Stanley and Bernstein Positive on Western Digital (WDC) Earlier, on April 1, Bernstein upgraded its rating on Western Digital Corporation (NASDAQ:WDC) from Market Perform to Outperform and raised its price target from $170 to $340. The firm said that a sharp decline in the share price, caused by concerns over Google's new TurboQuant compression algorithm, has created a buying opportunity that does not reflect the underlying fundamentals. Bernstein noted that TurboQ Show less Read more
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