Western Digital Corporation(WDC) has been noteworthy in the market recently, with a 20.1% increase in short interest. Despite facing pricing headwinds and seeing a temporary dip in its stock, the company remains robust due to acquisitions by various financial groups, such as Geode Capital Management and Quantinno Capital, investing in WDC. However, caution is advised as mixed fundamentals could impact the company's current share price momentum. Despite revised NAND forecasts and upcoming spin-off, Citi maintains a Buy rating for WDC with a revised $85 price target. WDC's growth in data storage seems to interest investors as announced webcast at NASDAQ's 51st Investor Conference. Amidst volatility, it is being considered as dirt cheap and the best affordable tech stock by some experts. Particularly, it's poised to benefit from increasing SSD demand and burgeoning cloud market. However, it faced some criticism from Jim Cramer and was flagged for flash pricing headwinds. As the company progresses towards an eventful Q1 2025, including record revenue, there is growing anticipation of Western Digital's upcoming spin-off and AI data demand surges.
Western Digital Corp WDC News Analytics from Mon, 03 Jun 2024 07:00:00 GMT to Sat, 14 Dec 2024 12:11:59 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor 6
