In a report released today, Joseph Moore from Morgan Stanley maintained a Buy rating on Western Digital (WDC), with a price target of $56.00. The company’s shares closed last Monday at $29.02, close to its 52-week low of $27.94.
According to TipRanks.com, Moore is a 4-star analyst with an average return of 4.1% and a 46.2% success rate. Moore covers the Consumer Goods sector, focusing on stocks such as Applied Materials, Texas Instruments, and Lam Research.
Western Digital has an analyst consensus of Strong Buy, with a price target consensus of $80.11, representing a 158.0% upside. In a report issued on March 16, Citigroup also reiterated a Buy rating on the stock with a $60.00 price target.
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The company has a one-year high of $72.00 and a one-year low of $27.94. Currently, Western Digital has an average volume of 5.31M.
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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.
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