Analysts Offer Insights on Technology Companies: Western Digital (WDC) and Infinera (INFN)
Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Western Digital (WDC) and Infinera (INFN).
Western Digital (WDC)
In a report released yesterday, Kevin Cassidy from Rosenblatt Securities maintained a Hold rating on Western Digital, with a price target of $40.00. The company’s shares closed last Wednesday at $44.47.
According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 22.6% and a 69.3% success rate. Cassidy covers the Technology sector, focusing on stocks such as Smart Global Holdings, ON Semiconductor, and Seagate Tech.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Western Digital with a $65.40 average price target.
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Infinera received a Buy rating and a $10.50 price target from Rosenblatt Securities analyst Ryan Koontz yesterday. The company’s shares closed last Wednesday at $7.80, close to its 52-week high of $8.36.
According to TipRanks.com, Koontz is a 5-star analyst with an average return of 28.4% and a 77.0% success rate. Koontz covers the Technology sector, focusing on stocks such as Zoom Video Communications, Applied Optoelectronics, and CommScope Holding.
The word on The Street in general, suggests a Hold analyst consensus rating for Infinera with a $7.17 average price target.
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