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.
Shares of Western Digital Corp (NASDAQ: WDC) are down more than 15 percent year-to-date. However, most of the ground was lost before mid-May. Since May 16, the stock has recuperated more than 43 percent of its value, leading some top raters at the Vetr community to believe the rebound will continue. In fact, the most recent ratings imply some upside from current valuations even though the average price target does not reflect it.
Consequently, the Vetr community upgraded the stock from 3.0 Stars (Hold) to 3.5 Stars (Buy) - out of a possible 5.0 Stars rating.
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Having said this, a couple more things should be noted. The crowd’s average price target of $50.42, which implies a 1.2 percent downside potential, was driven down by two bearish outliers. Most raters believe the stock will continue to surge.
In addition, 83 percent of the crowd’s ratings are bullish right now.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above
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.