Western Digital (WDC): New Buy Recommendation for This Technology Giant

In a report released today, Thomas O’Malley from Barclays maintained a Buy rating on Western Digital (WDC – Research Report), with a price target of $80.00. The company’s shares closed last Friday at $66.05.

O’Malley covers the Technology sector, focusing on stocks such as Intel, Marvell, and Nvidia. According to TipRanks, O’Malley has an average return of 6.9% and a 49.18% success rate on recommended stocks.

Western Digital has an analyst consensus of Strong Buy, with a price target consensus of $81.13, implying a 22.83% upside from current levels. In a report released on April 18, Morgan Stanley also maintained a Buy rating on the stock with a $83.00 price target.

WDC market cap is currently $21.54B and has a P/E ratio of -9.19.

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Western Digital (WDC) Company Description:

Western Digital Corp. engages in the development, manufacture, market and sale of data storage devices and solutions. It operates through the following product categories: client devices, data center devices and solutions, and client solutions. The client devices category includes mobile, desktop, gaming and digital video hard drives, solid state drives (SSDs), embedded products, and wafers. The data center devices and solutions category covers capacity and performance enterprise hard disk drives (HDDs), enterprise SSDs, data center software, and system solutions. The client solutions category offers removable products, hard drive content solutions, and flash content solutions. The company was founded by Alvin B. Phillips in 1970 and is headquartered in San Jose, CA.