A statement released earlier today by RBC Capital about Western Digital (NASDAQ:WDC) bumps the target price to $65.00
- Updated: October 2, 2016
RBC Capital raised the target price of Western Digital (NASDAQ:WDC) to $65.00 stating a possible upside of 0.11%.
Previously on 9/13/2016, Longbow Research released a statement about Western Digital (NASDAQ:WDC) increased the target price from $0.00 to $70.00. At the time, this indicated a possible upside of 0.34%.
Just yesterday Western Digital (NASDAQ:WDC) traded 0.34% higher at $58.47. Western Digital’s 50-day moving average is $50.78 and its 200-day moving average is $46.80. The last stock price is up 24.93% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 4,396,909 shares of WDC traded hands, down from an average trading volume of 5,030,310
Recent Performance Chart
Western Digital has PE ratio of 58.47 with a one year low of $34.99 and a one year high of $86.39 and has a market capitalization of $0.
A total of 25 analysts have released a report on Western Digital. Nine analysts rating the company a strong buy, ten analysts rating the company a buy, eleven analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $58.62.
General Company Details For Western Digital (NASDAQ:WDC)
Western Digital Corporation (Western Digital) is a developer, manufacturer and provider of data storage devices and solutions that address the needs of the information technology (IT) industry and the infrastructure that enables the proliferation of data in virtually every industry. The Company's portfolio of offerings addresses three categories: Datacenter Devices and Solutions (capacity and performance enterprise hard disk drives (HDDs), enterprise solid state drives (SSDs), datacenter software and system solutions); Client Devices (mobile, desktop, gaming and digital video hard drives, client SSDs, embedded products and wafers), and Client Solutions (removable products, hard drive content solutions and flash content solutions). The Company develops and manufactures a portion of the recording heads and magnetic media used in its hard drive products.
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