In the last three months, 11 analysts have published ratings on Western Digital WDC, offering a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 7 | 2 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 7 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $66.0, a high estimate of $72.00, and a low estimate of $58.00. This current average reflects an increase of 20.0% from the previous average price target of $55.00.
Interpreting Analyst Ratings: A Closer Look
The standing of Western Digital among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Kevin Cassidy | Rosenblatt | Raises | Neutral | $65.00 | $60.00 |
| Toshiya Hari | Goldman Sachs | Raises | Neutral | $58.00 | $48.00 |
| Vijay Rakesh | Mizuho | Raises | Buy | $66.00 | $62.00 |
| Tom O'Malley | Barclays | Raises | Overweight | $70.00 | $65.00 |
| C J Muse | Cantor Fitzgerald | Maintains | Overweight | $70.00 | - |
| Aaron Rakers | Wells Fargo | Raises | Overweight | $72.00 | $62.00 |
| Srini Pajjuri | Raymond James | Raises | Outperform | $65.00 | $60.00 |
| C J Muse | Cantor Fitzgerald | Announces | Overweight | $70.00 | - |
| Srini Pajjuri | Raymond James | Raises | Outperform | $60.00 | $48.00 |
| Tom O'Malley | Barclays | Raises | Overweight | $65.00 | $45.00 |
| Sidney Ho | Deutsche Bank | Raises | Buy | $65.00 | $45.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Western Digital. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Western Digital compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Western Digital's stock. This analysis reveals shifts in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Western Digital's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Western Digital analyst ratings.
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.
Western Digital's Economic Impact: An Analysis
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Decline in Revenue: Over the 3 months period, Western Digital faced challenges, resulting in a decline of approximately -2.41% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Western Digital's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -9.93% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Western Digital's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -2.98%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Western Digital's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -1.24%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Western Digital's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.83, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
The Core of Analyst Ratings: What Every Investor Should Know
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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