On May 1, 2025, TD Securities analyst Krish Sankar announced an update regarding Western Digital (WDC, Financial). The investment firm decided to maintain its Buy rating on WDC, signaling continued confidence in the company's long-term potential despite recent adjustments.
However, alongside the maintained Buy rating, the analyst has lowered the price target for Western Digital. The new price target is set at USD 53.00, a significant reduction from the previous target of USD 80.00. This adjustment reflects a 33.75% decrease in the target price for WDC.
The lowered price target is a crucial insight for investors and stakeholders of Western Digital (WDC, Financial) as it highlights potential recalibrations in market expectations and valuations concerning the company's performance or broader industry conditions.
Western Digital (WDC, Financial) continues to remain a focus for investors, with the updated price target and maintained rating providing fresh perspectives on future stock price movements.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Western Digital Corp (WDC, Financial) is $59.47 with a high estimate of $100.00 and a low estimate of $38.00. The average target implies an upside of 34.60% from the current price of $44.18. More detailed estimate data can be found on the Western Digital Corp (WDC) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, Western Digital Corp's (WDC, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Western Digital Corp (WDC, Financial) in one year is $20.97, suggesting a downside of 52.54% from the current price of $44.18. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Western Digital Corp (WDC) Summary page.
