Western Digital Corporation (WDC)
NASDAQ: WDC · IEX Real-Time Price · USD
69.55
-0.37 (-0.53%)
At close: Apr 24, 2024, 4:00 PM
69.09
-0.46 (-0.66%)
Pre-market: Apr 25, 2024, 7:11 AM EDT
Western Digital Stock Forecast
Stock Price Forecast
The 18 analysts with 12-month price forecasts for Western Digital stock have an average target of 73.72, with a low estimate of 41 and a high estimate of 115. The average target predicts an increase of 6.00% from the current stock price of 69.55.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for WDC stock from 20 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 6 | 6 | 5 | 6 |
| Buy | 5 | 5 | 8 | 8 | 9 | 8 |
| Hold | 8 | 8 | 6 | 6 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18 | 18 | 20 | 20 | 20 | 20 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Buy Maintains $70 → $80 | Buy | Maintains | $70 → $80 | +15.03% | Apr 22, 2024 |
| Raymond James | Raymond James | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Apr 22, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $73 → $83 | Buy | Maintains | $73 → $83 | +19.34% | Apr 18, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $75 → $85 | Strong Buy | Maintains | $75 → $85 | +22.21% | Apr 17, 2024 |
| UBS | UBS | Hold Maintains $65 → $80 | Hold | Maintains | $65 → $80 | +15.03% | Apr 15, 2024 |
Financial Forecast
Revenue This Year
12.88B
from 12.32B
Increased by 4.55%
Revenue Next Year
16.93B
from 12.88B
Increased by 31.48%
EPS This Year
-1.55
from -5.44
EPS Next Year
6.42
from -1.55
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.6B | 21.1B | 19.2B | 18.8B | 19.3B |
| Avg | 12.9B | 16.9B | 17.7B | 18.1B | 18.5B |
| Low | 12.3B | 15.2B | 16.0B | 17.5B | 18.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.7% | 64.0% | 13.2% | 5.9% | 6.6% |
| Avg | 4.5% | 31.5% | 4.7% | 1.8% | 2.6% |
| Low | 0.1% | 18.1% | -5.4% | -1.2% | -0.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.67 | 12.56 | 8.30 | 6.65 | 7.01 |
| Avg | -1.55 | 6.42 | 5.90 | 6.39 | 6.75 |
| Low | -2.06 | 2.94 | 3.63 | 6.20 | 6.55 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | 29.2% | 12.7% | 9.7% |
| Avg | - | - | -8.2% | 8.4% | 5.5% |
| Low | - | - | -43.5% | 5.2% | 2.4% |
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.