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0 0 9.85804416404757E-05 0.000262881177707811 -6.57202944268593E-05 -0.000887223974763347 0.00124868559411145 0.00154442691903269
Stock impact report

Why Western Digital (WDC) Stock Is Up Today [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
Stanley raised its price target on the stock, citing robust demand for hard disk drives (HDDs). The bank lifted its price target to $380 from $368 while keeping its Overweight rating. According to the firm's analysts, demand for HDDs continued to strengthen, driven by ongoing investment from large-scale data center operators. The analysis suggested that supply could remain tight through at least 2028, leading to potential shortages. Furthermore, the price per terabyte of storage was found to be significantly stronger than previously expected. This improved backdrop for demand and pricing prompted Morgan Stanley to increase its estimates for the company's future profit margins and earnings per share. After the initial pop the shares cooled down to $308.28, up 4.7% from previous close. Is now the time to buy Western Digital? Access our full analysis report here, it's free What Is The Market Telling Us Western Digital's shares are extremely volatile and have had 48 moves grea Show less Read more
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