Analysts' ratings for Western Digital WDC over the last quarter vary from bullish to bearish, as provided by 12 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 | 5 | 6 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 2 | 4 | 1 | 0 | 0 |
| 2M Ago | 2 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $84.08, a high estimate of $95.00, and a low estimate of $70.00. A 5.44% drop is evident in the current average compared to the previous average price target of $88.92.
Decoding Analyst Ratings: A Detailed Look
The standing of Western Digital among financial experts is revealed through an in-depth exploration 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 | Lowers | Buy | $90.00 | $95.00 |
| Wamsi Mohan | B of A Securities | Raises | Buy | $84.00 | $80.00 |
| C J Muse | Cantor Fitzgerald | Maintains | Overweight | $95.00 | $95.00 |
| Tom O'Malley | Barclays | Lowers | Overweight | $80.00 | $90.00 |
| Wamsi Mohan | B of A Securities | Lowers | Buy | $80.00 | $89.00 |
| Aaron Rakers | Wells Fargo | Lowers | Overweight | $85.00 | $95.00 |
| 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 |
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: Offering a comprehensive view, analysts assess stocks qualitatively, spanning 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.
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.
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.
Breaking Down Western Digital's Financial Performance
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Western Digital showcased positive performance, achieving a revenue growth rate of 48.91% as of 30 September, 2024. This reflects 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 excels beyond industry benchmarks, reaching 11.75%. This signifies efficient cost management and strong financial health.
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): Western Digital's ROA excels beyond industry benchmarks, reaching 1.96%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.64.
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.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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