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Western Digital Rebound To Continue, Vetr Crowd Says

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Shares of Western Digital Corp (NASDAQ: WDC) have had a tough 2016, losing more than 22 percent of value year-to-date. However, the shares have rebounded almost 32 percent from their mid-May lows. The Vetr crowd seems to believe the recuperation will continue, as evidenced by its average price target of $51.50. This implies a potential return of roughly 9.9 percent from current valuations.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

Seeking to better reflect this upside potential, the Vetr community decided upgrade its rating on shares of Western Digital on Thursday, from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) - out of a possible 5.0 Stars rating.

It should be noted that 66 percent of the crowd’s ratings are bullish, indicating that those positive on the stock are particularly optimistic, and have thus pushed the average price target higher.

Latest Ratings for WDC

DateFirmActionFromTo
Jan 2019Evercore ISI GroupDowngradesIn-LineUnderperform
Dec 2018Morgan StanleyMaintainsEqual-WeightEqual-Weight
Dec 2018Craig-HallumUpgradesHoldBuy

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Posted-In: VetrUpgrades Price Target Crowdsourcing Analyst Ratings General

 

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