The recent updates on Western Digital Corporation (WDC) show a variety of perspectives from experts and analysts in the finance and tech sectors. WDC, a renowned name in data storage, has been garnering investor attention with news of an authorized $2.0 billion share repurchase program and the announcement of upcoming Q3 2025 financial results. Additionally, the company's forecasts indicate a potential to tackle pivotal resistance. Financial advice firms, such as Morgan Stanley, BofA, and Citi, have raised their price targets for WDC, reiterating their bullish views on the stock. Hedge funds show continued interest, asserting the stock as undervalued and presenting attractive upside potential. However, WDC also faced some selloffs from entities like Mackenzie Financial Corp and GTS Securities LLC, creating a bit of uncertainty. It's highlighted that WDC has been outperforming the NASDAQ, gathering significant growth. Despite a few dips, WDC was able to maintain a strong position, especially due to robust Earnings & Revenue growth driven by Cloud Momentum. The company takes on a bold move by slashing debt by $1.8B but faces weak demand that led to third-quarter revenue below estimates. Lastly, WDC collaborated with Ingrasys for high-performance storage for AI workflows and the strategic investment from Cerabyte signaling innovation.
Western Digital Corp WDC News Analytics from Mon, 02 Dec 2024 08:00:00 GMT to Sat, 21 Jun 2025 03:28:05 GMT - Rating 5 - Innovation 3 - Information 7 - Rumor -2
