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0.00166805671392826 0 0.00435969368413063 -0.00420805216468274 0.00134581848510107 -0.0123777390249452 -0.0151641519448025 -0.0301956175600881
Stock impact report

Wall Street Thinks Western Digital Stock Price Will Soar Higher This Year [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
The call directly challenges the algorithmic selling that has hammered storage stocks over the past week, and it arrives as WDC trades near $251.67, well below Bernstein's new target and the consensus analyst target of $321. Ticker Firm Old Rating New Rating Old Target New Target WDC Bernstein Market Perform Outperform The Analyst's Case The selloff trigger was Google's TurboQuant report, an AI memory compression algorithm that sparked fears of demand destruction across memory and storage hardware. Bernstein's counter is direct: TurboQuant should have "zero impact" on hard disk drive demand and "negligible impact" on NAND demand. The firm argues the selloff creates an attractive entry point and points to Western Digital's innovation day as evidence of a solid product roadmap. Efficiency gains from compression algorithms have historically expanded consumption rather than reduced it, a dynamic Bernstein appears to be pricing into its thesis. Why the Move Matter Show less Read more
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