Western Digital (WDC) – Research Analysts’ Recent Ratings Updates

Western Digital (NASDAQ: WDC) has recently received a number of price target changes and ratings updates:

• 2/18/2025 – Western Digital had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $95.00 price target on the stock.
• 2/18/2025 – Western Digital is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 2/12/2025 – Western Digital had its price target raised by analysts at UBS Group AG from $70.00 to $74.00. They now have a “neutral” rating on the stock.
• 2/10/2025 – Western Digital had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $95.00 price target on the stock.
• 2/10/2025 – Western Digital had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $95.00 price target on the stock.
• 1/31/2025 – Western Digital had its price target raised by analysts at The Goldman Sachs Group, Inc. from $70.00 to $80.00. They now have a “neutral” rating on the stock.
• 1/30/2025 – Western Digital had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $95.00 price target on the stock.
• 1/30/2025 – Western Digital had its price target lowered by analysts at Robert W. Baird from $100.00 to $80.00. They now have an “outperform” rating on the stock.
• 1/30/2025 – Western Digital had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $95.00 price target on the stock.
• 1/30/2025 – Western Digital had its price target lowered by analysts at UBS Group AG from $78.00 to $70.00. They now have a “neutral” rating on the stock.
• 1/30/2025 – Western Digital had its price target lowered by analysts at Susquehanna from $83.00 to $72.00. They now have a “neutral” rating on the stock.
• 1/30/2025 – Western Digital had its price target lowered by analysts at Citigroup Inc. from $82.00 to $80.00. They now have a “buy” rating on the stock.
• 1/29/2025 – Western Digital had its price target lowered by analysts at Rosenblatt Securities from $115.00 to $95.00. They now have a “buy” rating on the stock.
• 1/17/2025 – Western Digital had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $95.00 price target on the stock.
• 1/17/2025 – Western Digital had its price target lowered by analysts at Barclays PLC from $90.00 to $80.00. They now have an “overweight” rating on the stock.
• 1/16/2025 – Western Digital had its price target lowered by analysts at Wells Fargo & Company from $95.00 to $85.00. They now have an “overweight” rating on the stock.
• 1/16/2025 – Western Digital had its price target lowered by analysts at Bank of America Co. from $89.00 to $80.00. They now have a “buy” rating on the stock.
• 1/10/2025 – Western Digital had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $81.00 to $70.00. They now have a “neutral” rating on the stock.
• 1/3/2025 – Western Digital had its price target lowered by analysts at Mizuho from $90.00 to $82.00. They now have an “outperform” rating on the stock.

Western Digital Price Performance

Shares of NASDAQ WDC traded down $0.28 during midday trading on Wednesday, reaching $71.76. 362,057 shares of the company were exchanged, compared to its average volume of 6,507,005. The stock’s 50-day moving average price is $64.57 and its 200-day moving average price is $65.37. The stock has a market cap of $24.96 billion, a P/E ratio of 17.08 and a beta of 1.44. Western Digital Co. has a one year low of $52.77 and a one year high of $81.55. The company has a quick ratio of 1.26, a current ratio of 1.99 and a debt-to-equity ratio of 0.60.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings data on Wednesday, January 29th. The data storage provider reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.36). Western Digital had a return on equity of 15.68% and a net margin of 9.95%. On average, sell-side analysts anticipate that Western Digital Co. will post 4.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Western Digital

In other Western Digital news, SVP Gene M. Zamiska sold 658 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $69.99, for a total transaction of $46,053.42. Following the sale, the senior vice president now owns 28,863 shares of the company’s stock, valued at approximately $2,020,121.37. This represents a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 1,347 shares of company stock valued at $93,027. 0.30% of the stock is currently owned by insiders.

Institutional Trading of Western Digital

Institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc boosted its position in Western Digital by 278.9% during the fourth quarter. Versant Capital Management Inc now owns 413 shares of the data storage provider’s stock valued at $25,000 after acquiring an additional 304 shares during the last quarter. Eastern Bank acquired a new position in shares of Western Digital during the third quarter valued at about $27,000. Sierra Ocean LLC acquired a new position in shares of Western Digital during the fourth quarter valued at about $29,000. True Wealth Design LLC raised its holdings in shares of Western Digital by 2,184.2% during the third quarter. True Wealth Design LLC now owns 434 shares of the data storage provider’s stock valued at $30,000 after purchasing an additional 415 shares during the period. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in shares of Western Digital during the fourth quarter valued at about $30,000. Institutional investors own 92.51% of the company’s stock.

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.