US EditionWall Street Thinks Western Digital Stock Price Will Soar Higher This Year
3 Articles
3 Articles
Wall Street Thinks Western Digital Stock Price Will Soar Higher This Year
Western Digital (NASDAQ:WDC) received a bullish analyst upgrade Tuesday morning when Bernstein upgraded the stock to Outperform from Market Perform and doubled its price target to $340, up from $170. The call directly challenges the algorithmic selling that has hammered storage stocks over the past week, and it arrives as WDC trades near $251.67, well below Bernstein’s new target and the consensus analyst target of $321. Ticker Firm Old Rating …
Western Digital (NASDAQ:WDC) Upgraded by Sanford C. Bernstein to Outperform Rating
Western Digital (NASDAQ:WDC – Get Free Report) was upgraded by investment analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research note issued to investors on Tuesday, Marketbeat reports. The firm currently has a $340.00 price target on the data storage provider’s stock. Sanford C. Bernstein’s price target […]
Summary: WDC fell 8.6% on Monday, dragged down by a broad sell-off in tech stocks linked to tensions in the Middle East and concerns about energy prices. Google's new TurboQuant AI memory compression algorithm unsettled investors, adding further selling pressure to memory stocks. Bernstein upgraded WDC's rating from "Market Perform" to "Outperform," calling the sell-off an attractive entry point. Despite recent declines, WDC is still up over 522…
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