In a report released yesterday, Vijay Rakesh from Mizuho Securities reiterated a Buy rating on Western Digital (WDC), with a price target of $75.00. The company’s shares closed last Thursday at $46.08.
According to TipRanks.com, Rakesh is a 5-star analyst with an average return of 16.4% and a 59.2% success rate. Rakesh covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Skyworks Solutions.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Western Digital with a $73.89 average price target.
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The company has a one-year high of $72.00 and a one-year low of $27.40. Currently, Western Digital has an average volume of 6.24M.
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Western Digital Corp. engages in the development, manufacture, market and sale of data storage devices and solutions. It operates through the following product categories: client devices, data center devices and solutions, and client solutions. The client devices category includes mobile, desktop, gaming and digital video hard drives, solid state drives (SSDs), embedded products, and wafers. The data center devices and solutions category covers capacity and performance enterprise hard disk drives (HDDs), enterprise SSDs, data center software, and system solutions. The client solutions category offers removable products, hard drive content solutions, and flash content solutions. The company was founded by Alvin B. Phillips in 1970 and is headquartered in San Jose, CA.
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