Rosenblatt Maintains Neutral Rating for Western Digital: Here's What You Need To Know

Rosenblatt has decided to maintain its Neutral rating of Western Digital WDC and lower its price target from $35.00 to $29.00.

Shares of Western Digital are trading down 3.57% over the last 24 hours, at $32.96 per share.

A move to $29.00 would account for a 12.01% decline from the current share price.

About Western Digital

Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.