Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on Western Digital (WDC) yesterday and set a price target of $80.00. The company’s shares closed last Monday at $66.96, close to its 52-week high of $72.00.
According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 19.4% and a 63.4% success rate. Rakesh covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Texas Instruments, and Cypress Semicon.
Currently, the analyst consensus on Western Digital is a Moderate Buy with an average price target of $72.81, which is a 10.6% upside from current levels. In a report issued on January 17, Wedbush also upgraded the stock to Buy with a $83.00 price target.
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The company has a one-year high of $72.00 and a one-year low of $35.61. Currently, Western Digital has an average volume of 5.38M.
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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.
