Western Digital Corporation (WDC)
NASDAQ: WDC · Real-Time Price · USD
70.46
+4.46 (6.76%)
At close: Sep 26, 2024, 4:00 PM
70.43
-0.03 (-0.04%)
After-hours: Sep 26, 2024, 7:02 PM EDT
Western Digital Stock Forecast
Stock Price Forecast
The 20 analysts with 12-month price forecasts for Western Digital stock have an average target of 85.2, with a low estimate of 52 and a high estimate of 115. The average target predicts an increase of 20.92% from the current stock price of 70.46.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for WDC stock from 22 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 | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 9 | 10 | 10 | 8 | 9 |
| Buy | 9 | 9 | 9 | 9 | 9 | 8 |
| Hold | 6 | 5 | 5 | 5 | 5 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 23 | 23 | 24 | 24 | 22 | 22 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Benchmark | Benchmark | Strong Buy Reiterates $92 | Strong Buy | Reiterates | $92 | +30.57% | Sep 26, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $95 → $80 | Strong Buy | Maintains | $95 → $80 | +13.54% | Sep 13, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $95 → $85 | Strong Buy | Maintains | $95 → $85 | +20.64% | Sep 10, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $80 | Buy | Reiterates | $80 | +13.54% | Sep 10, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $85 | Buy | Maintains | $85 | +20.64% | Aug 15, 2024 |
Financial Forecast
Revenue This Year
17.49B
from 13.00B
Increased by 34.51%
Revenue Next Year
19.12B
from 17.49B
Increased by 9.33%
EPS This Year
7.99
from -2.61
EPS Next Year
8.82
from 7.99
Increased by 10.37%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 19.2B | 23.0B | 22.1B | |
| Avg | 17.5B | 19.1B | 19.2B | |
| Low | 15.9B | 16.2B | 16.2B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 47.4% | 31.5% | 15.4% | |
| Avg | 34.5% | 9.3% | 0.5% | |
| Low | 22.1% | -7.5% | -15.5% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | 10.51 | 14.86 | 13.35 | |
| Avg | 7.99 | 8.82 | 8.06 | |
| Low | 6.78 | 1.92 | 5.11 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| High | - | 85.9% | 51.3% | |
| Avg | - | 10.4% | -8.6% | |
| Low | - | -76.0% | -42.1% |
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.