Susquehanna has revised its price target for Western Digital (WDC, Financial), reducing it significantly from $72 to $40. The investment firm maintains a Neutral stance on the stock. This adjustment reflects Susquehanna's perspective on the hard disk drive sector, which it perceives as experiencing limited growth prospects.
Western Digital's forecasted revenue growth, approximately 7% compound annually post-Sandisk acquisition, remains a focal point. The firm emphasizes successful margin expansion as a critical aspect that could set Western Digital apart in the industry landscape.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Western Digital Corp (WDC, Financial) is $74.34 with a high estimate of $100.00 and a low estimate of $50.00. The average target implies an upside of 113.19% from the current price of $34.87. More detailed estimate data can be found on the Western Digital Corp (WDC) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, Western Digital Corp's (WDC, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Western Digital Corp (WDC, Financial) in one year is $21.71, suggesting a downside of 37.74% from the current price of $34.87. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Western Digital Corp (WDC) Summary page.
