Benchmark Co. Remains a Hold on Western Digital (WDC)
In a report released today, Mark Miller from Benchmark Co. maintained a Hold rating on Western Digital (WDC). The company’s shares closed yesterday at $47.17.
According to TipRanks.com, Miller is a top 100 analyst with an average return of 21.2% and a 67.2% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Axcelis Technologies, and MKS Instruments.
Currently, the analyst consensus on Western Digital is a Moderate Buy with an average price target of $54.14, implying a 14.8% upside from current levels. In a report issued on March 12, Mizuho Securities also maintained a Hold rating on the stock with a $47 price target.
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Western Digital’s market cap is currently $13.73B and has a P/E ratio of 17.50. The company has a Price to Book ratio of 1.26.
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Western Digital Corp. engages in the manufacture, market, and sale of data storage devices and solutions. Its product portfolio includes hard disk drives, solid-state drives marketed under the HGST, WD and G-Technology brands.
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