Western Digital Corporation (WDC)
NASDAQ: WDC · IEX Real-Time Price · USD
78.05
+1.67 (2.19%)
At close: Jul 2, 2024, 4:00 PM
77.97
-0.08 (-0.10%)
After-hours: Jul 2, 2024, 7:57 PM EDT
Western Digital Stock Forecast
Stock Price Forecast
The 22 analysts with 12-month price forecasts for Western Digital stock have an average target of 81.68, with a low estimate of 45 and a high estimate of 115. The average target predicts an increase of 4.65% from the current stock price of 78.05.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for WDC stock from 24 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 5 | 8 | 9 | 10 |
| Buy | 8 | 8 | 9 | 9 | 9 | 9 |
| Hold | 6 | 6 | 6 | 6 | 5 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 20 | 20 | 20 | 23 | 23 | 24 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $100 | Buy | Reiterates | $100 | +28.12% | Jun 11, 2024 |
| Susquehanna | Susquehanna | Hold Maintains $80 → $88 | Hold | Maintains | $80 → $88 | +12.75% | Jun 11, 2024 |
| Rosenblatt | Rosenblatt | Strong Buy Maintains $115 | Strong Buy | Maintains | $115 | +47.34% | Jun 11, 2024 |
| Loop Capital | Loop Capital | Strong Buy Maintains $90 → $100 | Strong Buy | Maintains | $90 → $100 | +28.12% | Jun 4, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $80 → $90 | Strong Buy | Maintains | $80 → $90 | +15.31% | May 31, 2024 |
Financial Forecast
Revenue This Year
13.09B
from 12.32B
Increased by 6.24%
Revenue Next Year
17.97B
from 13.09B
Increased by 37.28%
EPS This Year
-0.66
from -5.44
EPS Next Year
8.09
from -0.66
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.8B | 21.4B | 23.8B | 19.9B | 20.1B |
| Avg | 13.1B | 18.0B | 18.8B | 19.1B | 19.3B |
| Low | 12.4B | 15.8B | 16.4B | 18.5B | 18.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.8% | 63.4% | 32.3% | 5.7% | 5.1% |
| Avg | 6.2% | 37.3% | 4.7% | 1.6% | 1.1% |
| Low | 1.0% | 20.9% | -8.9% | -1.4% | -1.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.43 | 13.19 | 9.45 | 7.04 | 7.15 |
| Avg | -0.66 | 8.09 | 6.81 | 6.77 | 6.88 |
| Low | -0.80 | 5.64 | 1.92 | 6.57 | 6.67 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | 16.9% | 3.3% | 5.7% |
| Avg | - | - | -15.8% | -0.7% | 1.6% |
| Low | - | - | -76.2% | -3.6% | -1.4% |
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.