During the last three months, 13 analysts shared their evaluations of Western Digital WDC, revealing diverse outlooks 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 | 4 | 7 | 2 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 2 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 0 | 0 | 0 |
| 3M Ago | 2 | 4 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Western Digital, presenting an average target of $89.62, a high estimate of $115.00, and a low estimate of $70.00. This current average reflects an increase of 0.96% from the previous average price target of $88.77.
Decoding Analyst Ratings: A Detailed Look
A clear picture of Western Digital's perception among financial experts is painted 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 |
|---|---|---|---|---|---|
| Toshiya Hari | Goldman Sachs | Lowers | Neutral | $70.00 | $81.00 |
| Vijay Rakesh | Mizuho | Lowers | Outperform | $82.00 | $90.00 |
| Joseph Moore | Morgan Stanley | Lowers | Overweight | $93.00 | $100.00 |
| Mark Miller | Benchmark | Maintains | Buy | $70.00 | $70.00 |
| Asiya Merchant | Citigroup | Lowers | Buy | $85.00 | $87.00 |
| C J Muse | Cantor Fitzgerald | Maintains | Overweight | $95.00 | $95.00 |
| Tom O'Malley | Barclays | Raises | Overweight | $90.00 | $80.00 |
| C J Muse | Cantor Fitzgerald | Raises | Overweight | $95.00 | $80.00 |
| Matt Bryson | Wedbush | Maintains | Outperform | $95.00 | $95.00 |
| Medhi Hosseini | Susquehanna | Raises | Neutral | $83.00 | $75.00 |
| Mark Miller | Benchmark | Maintains | Buy | $92.00 | $92.00 |
| Joseph Moore | Morgan Stanley | Raises | Overweight | $100.00 | $94.00 |
| Kevin Cassidy | Rosenblatt | Maintains | Buy | $115.00 | $115.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Western Digital. This offers insight into analysts' perspectives on 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: Analysts navigate through adjustments in price targets, providing estimates for Western Digital's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Western Digital's market standing. Stay informed and make well-considered 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.
Key Indicators: Western Digital's Financial Health
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Western Digital displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 48.91%. This indicates a notable 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: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 11.75%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Western Digital's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.28% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.96%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 0.64, Western Digital adopts a prudent financial strategy, indicating a balanced approach to debt management.
Analyst Ratings: What Are They?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
