Western Digital - WDC Stock Forecast, Price & News

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last twelve months. There are currently 2 sell ratings, 9 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WDC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WDC, but not buy additional shares or sell existing shares.
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18 Wall Street research analysts have issued 12-month price objectives for Western Digital's shares. Their WDC share price forecasts range from $28.00 to $80.00. On average, they anticipate the company's stock price to reach $49.71 in the next year. This suggests a possible upside of 10.5% from the stock's current price.
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Western Digital's stock was trading at $31.55 at the beginning of 2023. Since then, WDC shares have increased by 42.5% and is now trading at $44.97.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 31st 2023.
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Western Digital will be holding an earnings conference call on Tuesday, January 31st at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Western Digital Co. (NASDAQ:WDC) announced its quarterly earnings results on Wednesday, October, 27th. The data storage provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.04. The data storage provider earned $5.05 billion during the quarter, compared to analyst estimates of $5.06 billion. Western Digital had a trailing twelve-month return on equity of 12.93% and a net margin of 5.25%. The firm's quarterly revenue was up 28.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 earnings per share.
Read the conference call transcript.

Western Digital issued an update on its second quarter 2023 earnings guidance on Thursday, November, 3rd. The company provided earnings per share (EPS) guidance of -$0.25-$0.05 for the period, compared to the consensus earnings per share estimate of $0.23. The company issued revenue guidance of $2.90 billion-$3.10 billion, compared to the consensus revenue estimate of $3.53 billion.

70 employees have rated Western Digital Chief Executive Officer David Goeckeler on Glassdoor.com. David Goeckeler has an approval rating of 84% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Digital investors own include Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), Intel (INTC), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Netflix (NFLX), Visa (V), QUALCOMM (QCOM) and Gilead Sciences (GILD).

Western Digital trades on the NASDAQ under the ticker symbol "WDC."

Western Digital's stock is owned by many different institutional and retail investors. Top institutional shareholders include DNB Asset Management AS (1.82%), National Bank of Canada FI (0.54%), Assenagon Asset Management S.A. (0.17%), Nexus Investment Management ULC (0.12%), MUFG Securities EMEA plc (0.12%) and M&G Investment Management Ltd. (0.08%). Insiders that own company stock include Gene M Zamiska, Lori S Sundberg, Lori S Sundberg, Michael Charles Ray, Michael D Cordano, Paula A Price and Srinivasan Sivaram.
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Shares of WDC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WDC stock can currently be purchased for approximately $44.97.

Western Digital (NASDAQ:WDC) has a market capitalization of $14.28 billion and generates $18.79 billion in revenue each year. The data storage provider earns $1.50 billion in net income (profit) each year or $2.90 on an earnings per share basis.

The company employs 65,000 workers across the globe.

Western Digital's mailing address is 5601 GREAT OAKS PARKWAY, SAN JOSE CA, 95119. The official website for the company is www.westerndigital.com. The data storage provider can be reached via phone at (408) 717-6000, via email at investor@wdc.com, or via fax at 949-672-5408.