Western Digital Corporation (WDC)

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 45.90% from the current stock price of 60.24.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$65	$87.89	$88	$115
Change	+7.90%	+45.90%	+46.08%	+90.90%

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
Joseph Moore Morgan Stanley	Morgan Stanley	Buy Maintains $100 → $93	Buy	Maintains	$100 → $93	+54.38%	Dec 19, 2024
Mark Miller Benchmark	Benchmark	Strong Buy Reiterates $70	Strong Buy	Reiterates	$70	+16.20%	Dec 19, 2024
Asiya Merchant Citigroup	Citigroup	Strong Buy Maintains $87 → $85	Strong Buy	Maintains	$87 → $85	+41.10%	Dec 3, 2024
C J Muse Cantor Fitzgerald	Cantor Fitzgerald	Buy Reiterates $95	Buy	Reiterates	$95	+57.70%	Nov 26, 2024
Tom O'Malley Barclays	Barclays	Buy Maintains $80 → $90	Buy	Maintains	$80 → $90	+49.40%	Oct 25, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

17.06B

Increased by 31.21%

from 13.00B

Revenue Next Year

18.91B

Increased by 10.85%

from 17.06B

EPS This Year

7.51

from -2.61

EPS Next Year

8.83

Increased by 17.54%

from 7.51

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Jul 3, 2020	Jul 2, 2021	Jul 1, 2022	Jun 30, 2023	Jun 28, 2024	Jun 30, 2025	Jun 30, 2026	Jun 30, 2027
Revenue	16.74B	16.92B	18.79B	12.32B	13.00B	17.06B	18.91B	18.68B
Revenue Growth	1.01%	1.11%	11.06%	-34.45%	5.56%	31.21%	10.85%	-1.22%
EPS	-0.84	2.66	4.89	-5.37	-2.61	7.51	8.83	7.62
EPS Growth	-	-	83.83%	-	-	-	17.54%	-13.70%
Forward PE	-	-	-	-	-	8.02	6.83	7.91
No. Analysts	-	-	-	-	-	28	25	8

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

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.