“Western Digital has a 15 TB drive currently in production and a 16 TB drive featuring MAMR technology is currently sampling. Production is expected to ramp next year. A 20 TB drive, featuring multiple energy assist technologies, is planned for 2020.”
According to TipRanks.com, Miller is a top 100 analyst with an average return of 21.0% and a 65.6% 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 $64.88, implying a 50.7% upside from current levels. In a report issued on December 3, RBC Capital also maintained a Hold rating on the stock with a $54 price target.
Western Digital’s market cap is currently $12.44B and has a P/E ratio of 26.99. The company has a Price to Book ratio of 1.09.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on WDC: