In a report released yesterday, Aaron Rakers from Wells Fargo maintained a Buy rating on Western Digital (WDC). The company’s shares closed last Monday at $31.34, close to its 52-week low of $27.40.
According to TipRanks.com, Rakers is a 5-star analyst with an average return of 12.7% and a 58.4% success rate. Rakers covers the Consumer Goods sector, focusing on stocks such as Applied Materials, Seagate Tech, and Broadcom.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Western Digital with a $79.82 average price target, implying a 173.4% upside from current levels. In a report issued on March 16, Citigroup also reiterated a Buy rating on the stock with a $60.00 price target.
See today’s analyst top recommended stocks >>
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 5.39M.
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 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.
Read More on WDC:
