In a report released today, Mark Miller from Benchmark Co. maintained a Sell rating on Western Digital (WDC), with a price target of $46.00. The company’s shares closed last Monday at $70.93, close to its 52-week high of $72.00.
According to TipRanks.com, Miller is a top 25 analyst with an average return of 23.7% and a 71.3% success rate. Miller covers the Consumer Goods sector, focusing on stocks such as Axcelis Technologies, MKS Instruments, and Onto Innovation.
Currently, the analyst consensus on Western Digital is a Moderate Buy with an average price target of $72.81.
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Based on Western Digital’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.04 billion and GAAP net loss of $276 million. In comparison, last year the company earned revenue of $4.23 billion and had a GAAP net loss of $487 million.
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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.
