Western Digital (WDC) Is Our ‘Best COVID-19 Recovery Idea,’ Says 5-Star Analyst [Yahoo! Finance News]
Western Digital Corporation (WDC)
Last western digital corporation earnings: 4/30 04:01 pm
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Source: Yahoo! Finance News
Long term investors of data storage specialist Western Digital WDCIn fact, even compared to peers, Western Digital has underperformed since coronavirus decimated the market. But this is precisely why 5-star Deutsche Bank analystSidney HoHo reiterated a Buy on WDC, along with a $60 price target. The upside from current levels is a solid 57%. To watch Ho’s track record,click hereInvestors have raised concerns regarding the company’s prospects. These have involved how consumers’ reduced spending power could impact sales of WDC's products, along with how government mandates in Southeast Asia, where WDC has multiple manufacturing facilities, could impact the supply chain. A highly leveraged balance sheet also appears risky, should the expected improvement in earnings potential not play out.While agreeing that “consumer-related spending will take a hit in the current environment,” Ho believes “there are a few pockets of strength that seems to be beneficial to WDC.”A low exposure to smartpho
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WDC
News
- Western Digital Co. (NASDAQ: WDC) had its price target lowered by analysts at Morgan Stanley from $100.00 to $93.00. They now have an "overweight" rating on the stock.MarketBeat
- Benchmark downgrades Western Digital on growing FY25 concerns [Yahoo! Finance]Yahoo! Finance
- Western Digital Co. (NASDAQ: WDC) was downgraded by analysts at Benchmark Co. from a "buy" rating to a "hold" rating.MarketBeat
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- Seagate is getting ready to launch its first high-capacity HAMR hard drive [Verge, The]Verge, The
WDC
Earnings
- 10/24/24 - Beat
WDC
Sec Filings
- 12/13/24 - Form 8-K
- 12/2/24 - Form 4
- 12/2/24 - Form 4
- WDC's page on the SEC website