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Ratings for Western Digital (NASDAQ:WDC) were provided by 20 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 11 | 5 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 2 | 3 | 1 | 0 | 0 |
| 2M Ago | 0 | 1 | 2 | 0 | 0 |
| 3M Ago | 2 | 7 | 1 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $74.5, a high estimate of $115.00, and a low estimate of $58.00. Observing a 25.61% increase, the current average has risen from the previous average price target of $59.31.
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 |
|---|---|---|---|---|---|
| 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 |
| 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 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: Analysts provide insights into price targets, offering estimates for the future value of Western Digital's stock. This comparison reveals trends 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.
Get to Know Western Digital Better
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: Delving into Financials
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. 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 faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -2.41%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -9.93%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Western Digital's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -2.98%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Western Digital's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -1.24%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.83, caution is advised due to increased financial risk.
The Core of Analyst Ratings: What Every Investor Should Know
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.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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