Vetr Inc. announced Western Digital Corp (NASDAQ:WDC), boosting its stock price target to $51.50 today
- Updated: September 17, 2016
Yesterday Western Digital Corp (NASDAQ:WDC) traded 3.12% higher at $46.10. WDC’s 50-day moving average is $47.45 and its two hundred day average is $46.01. The last stock price close is up 19.42% from the two hundred day moving average, compared to the S&P 500 which has fallen -0.01% over the same time period. Trade volume was was up over the average, with 9,507,939 shares of WDC changing hands over the typical 5,263,140 shares..
Reporting a possible upside of 0.12%, Vetr Inc. upped the target price of Western Digital Corp (NASDAQ:WDC) to $52
Previously on Wednesday August 17 2016, Jefferies released a statement about Western Digital Corp(NASDAQ:WDC) lowered the target price from $62.00 to $54.00. At the time, this suggested an upside of 0.18%.
Also covering Western Digital Corp’s stock price target, a total of 25 firms have issued a research note on the stock. The average target is $58.62 with nine analysts rating the stock a strong buy, 10 firms rating the company a buy, 11 analysts rating the stock a hold, one firm rating the company to underperform, and finally 0 brokerages rating the company as sell.
Western Digital Corp has a one-year low of $34.99 and a 52 week high of $86.39 with a price-earnings ratio of 55. WDC’s market cap is currently $0.0.
More About Western Digital Corp (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, and 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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