Analysts' ratings for Western Digital WDC over the last quarter vary from bullish to bearish, as provided by 22 analysts.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 10 | 5 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 5 | 8 | 3 | 0 | 0 |
| 3M Ago | 0 | 2 | 2 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $84.82, a high estimate of $115.00, and a low estimate of $65.00. This current average has increased by 22.93% from the previous average price target of $69.00.
Exploring Analyst Ratings: An In-Depth Overview
The perception of Western Digital by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Vijay Rakesh | Mizuho | Raises | Buy | $90.00 | $80.00 |
| Asiya Merchant | Citigroup | Announces | Buy | $90.00 | - |
| Jim Kelleher | Argus Research | Raises | Buy | $88.00 | $68.00 |
| Amit Daryanani | Evercore ISI Group | Raises | Outperform | $85.00 | $80.00 |
| Mark Miller | Benchmark | Announces | Buy | $85.00 | - |
| Matt Bryson | Wedbush | Maintains | Outperform | $85.00 | - |
| Joseph Moore | Morgan Stanley | Raises | Overweight | $86.00 | $83.00 |
| Tristan Gerra | Baird | Raises | Outperform | $100.00 | $65.00 |
| Tom O'Malley | Barclays | Raises | Overweight | $80.00 | $70.00 |
| Joseph Moore | Morgan Stanley | Raises | Overweight | $83.00 | $73.00 |
| Wamsi Mohan | B of A Securities | Raises | Buy | $85.00 | $75.00 |
| Timothy Arcuri | UBS | Raises | Neutral | $80.00 | $65.00 |
| Toshiya Hari | Goldman Sachs | Raises | Neutral | $76.00 | $58.00 |
| Aaron Rakers | Wells Fargo | Raises | Overweight | $95.00 | $72.00 |
| Medhi Hosseini | Susquehanna | Raises | Neutral | $83.00 | $68.00 |
| Vijay Rakesh | Mizuho | Raises | Buy | $80.00 | $66.00 |
| C J Muse | Cantor Fitzgerald | Raises | Overweight | $100.00 | $70.00 |
| Kevin Cassidy | Rosenblatt | Raises | Buy | $115.00 | $65.00 |
| Amit Daryanani | Evercore ISI Group | Announces | Outperform | $80.00 | - |
| C J Muse | Cantor Fitzgerald | Maintains | Overweight | $70.00 | - |
| Timothy Arcuri | UBS | Raises | Neutral | $65.00 | $55.00 |
| Kevin Cassidy | Rosenblatt | Raises | Neutral | $65.00 | $60.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Western Digital. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' 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.
For valuable insights into Western Digital's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Western Digital analyst ratings.
Discovering Western Digital: A Closer Look
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.
Financial Milestones: Western Digital's Journey
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Western Digital's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 23.33%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Western Digital's net margin is impressive, surpassing industry averages. With a net margin of 3.27%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Western Digital's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 1.12%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Western Digital's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.47% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Western Digital's debt-to-equity ratio stands notably higher than the industry average, reaching 0.77. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
How Are Analyst Ratings Determined?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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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