Western Digital Corp (WDC) has been a hot topic in Wall Street news, signaling potential investment opportunity. Various price targets have been set by different entities at
$80.00 (Barclays),
$84 (BofA) and $85.00 (Wells Fargo). The company also experienced a notable increase in share price of
3.36% and
4.71% on specific days. Despite facing challenging pricing environment, long term potential exists. Following the resignation of its CFO Wissam Jabre, Western Digital was pegged as an undervalued tech stock to invest in by hedge funds. The National Bank of the Czech Republic acquired
8,441 WDC shares. Analysts continue to maintain an overall positive outlook for the stock, praising its earnings and attractiveness to growth investors.However, there have been multiple appearances of negative news, triggering market concerns on potential impacts to the stock - lowered price targets, cloudy Q2 2025 earnings guidance, and reports of the stock’s decline in the market. Notably,
Jim Cramer has voiced caution regarding WDC 's investment value. Regardless, Western Digital has announced impending earnings results for Q2 2025 and holds confidence in an uptick in demand for storage as part of the AI data center theme.
Western Digital Corp WDC News Analytics from Mon, 03 Jun 2024 07:00:00 GMT to Sat, 18 Jan 2025 14:58:29 GMT -
Rating 6
- Innovation 5
- Information 7
- Rumor -2
