Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Mizuho analyst Vijay Rakesh upgraded Western Digital Corp (NASDAQ:WDC) to Buy from Neutral with a price target of $75, up from $55, implying a 31.7% upside.
- Recent checks indicate demand is improving across the PC, server, and handset markets, Rakesh notes.
- The analyst believes server demand could improve in Q1 of 2022 with Amazon.com Inc (NASDAQ:AMZN) and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google orders returning despite less than ten weeks of DRAM inventory.
- He sees improving demand trends and a "tailwind" for memory.
- Western Digital is a vertically-integrated supplier of data storage solutions, spanning both hard disk drives (HDDs) and solid-state drives (SSDs).
- Price Action: WDC shares traded higher by 2.39% at $58.29 in the premarket session on the last check Tuesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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