Western Digital Corporation (WDC)
NASDAQ: WDC · Real-Time Price · USD
60.70
-1.01 (-1.64%)
Dec 27, 2024, 4:00 PM EST - Market closed
Western Digital Stock Forecast
Stock Price Forecast
The 19 analysts with 12-month price forecasts for Western Digital stock have an average target of 87.89, with a low estimate of 65 and a high estimate of 115. The average target predicts an increase of 44.79% from the current stock price of 60.70.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for WDC stock from 21 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 10 | 8 | 9 | 9 | 9 | 9 |
| Buy | 9 | 9 | 8 | 8 | 7 | 7 |
| Hold | 5 | 5 | 5 | 5 | 5 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 24 | 22 | 22 | 22 | 21 | 21 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Buy Maintains $100 → $93 | Buy | Maintains | $100 → $93 | +53.21% | Dec 19, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $70 | Strong Buy | Reiterates | $70 | +15.32% | Dec 19, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $87 → $85 | Strong Buy | Maintains | $87 → $85 | +40.03% | Dec 3, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $95 | Buy | Reiterates | $95 | +56.51% | Nov 26, 2024 |
| Barclays | Barclays | Buy Maintains $80 → $90 | Buy | Maintains | $80 → $90 | +48.27% | Oct 25, 2024 |
Financial Forecast
Revenue This Year
17.06B
from 13.00B
Increased by 31.21%
Revenue Next Year
18.91B
from 17.06B
Increased by 10.85%
EPS This Year
7.51
from -2.61
EPS Next Year
8.83
from 7.51
Increased by 17.54%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 18.4B | 22.3B | 20.7B | ||
| Avg | 17.1B | 18.9B | 18.7B | ||
| Low | 16.0B | 16.9B | 16.3B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 41.3% | 30.8% | 9.3% | ||
| Avg | 31.2% | 10.8% | -1.2% | ||
| Low | 23.1% | -1.0% | -13.8% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 8.82 | 14.64 | 9.72 | ||
| Avg | 7.51 | 8.83 | 7.62 | ||
| Low | 6.52 | 1.92 | 5.32 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | - | 94.9% | 10.2% | ||
| Avg | - | 17.5% | -13.7% | ||
| Low | - | -74.4% | -39.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.