Western Digital - WDC Stock Forecast, Price & News

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last twelve months. There are currently 3 sell ratings, 8 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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 equities research analysts have issued twelve-month price targets for Western Digital's stock. Their WDC share price forecasts range from $28.00 to $80.00. On average, they anticipate the company's share price to reach $49.71 in the next year. This suggests a possible upside of 45.6% from the stock's current price.
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Western Digital's stock was trading at $65.21 on January 1st, 2022. Since then, WDC stock has decreased by 47.6% and is now trading at $34.14.
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Western Digital saw a increase in short interest in November. As of November 15th, there was short interest totaling 8,500,000 shares, an increase of 24.5% from the October 31st total of 6,830,000 shares. Based on an average daily trading volume, of 4,830,000 shares, the days-to-cover ratio is presently 1.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
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Western Digital Co. (NASDAQ:WDC) released its quarterly earnings results on Thursday, October, 27th. The data storage provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.08 by $0.10. The data storage provider earned $3.74 billion during the quarter, compared to analysts' expectations of $3.63 billion. Western Digital had a net margin of 5.25% and a trailing twelve-month return on equity of 12.93%.

Western Digital updated 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 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 a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.53%), Price T Rowe Associates Inc. MD (3.37%), Sanders Capital LLC (2.61%), Alliancebernstein L.P. (1.64%), DNB Asset Management AS (1.43%) and Boston Partners (1.27%). Insiders that own company stock include Gene M Zamiska, Lori S Sundberg, Lori S Sundberg, Michael Charles Ray, Michael D Cordano, Michael D Cordano, Paula A Price, Srinivasan Sivaram and Stephen D Milligan.
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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 $34.14.

Western Digital (NASDAQ:WDC) has a market capitalization of $10.84 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.