Western Digital (WDC) Stock Forecast & Price Target

$63.96 -3.42 (-5.08%)

(As of 11/12/2024 ET)

Western Digital - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 21 Analyst Ratings

Sell
0

Hold
5

Buy
16

Based on 21 Wall Street analysts who have issued ratings for Western Digital in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 21 analysts, 5 have given a hold rating, and 16 have given a buy rating for WDC.

Consensus Price Target

$87.71
37.14% Upside

According to the 21 analysts' twelve-month price targets for Western Digital, the average price target is $87.71. The highest price target for WDC is $115.00, while the lowest price target for WDC is $65.00. The average price target represents a forecasted upside of 37.14% from the current price of $63.96.

WDC Analyst Ratings Over Time

Type	Current Forecast 11/14/23 to 11/13/24	1 Month Ago 10/15/23 to 10/14/24	3 Months Ago 8/16/23 to 8/15/24	1 Year Ago 11/14/22 to 11/14/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	16 Buy rating(s)	17 Buy rating(s)	18 Buy rating(s)	9 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$87.71	$84.24	$84.18	$48.07
Forecasted Upside	37.14% Upside	26.05% Upside	32.57% Upside	4.80% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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WDC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

WDC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Western Digital Stock vs. The Competition

Type	Western Digital	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.76	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	37.14% Upside	554.60% Upside	7.92% Upside
News Sentiment Rating	Positive News See Recent WDC News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
10/25/2024	Barclays 3 of 5 stars	Boost Target	Overweight ➝ Overweight	$80.00 ➝ $90.00	+26.81%
10/25/2024	Cantor Fitzgerald 3 of 5 stars	Boost Target	Overweight ➝ Overweight	$80.00 ➝ $95.00	+32.53%
10/25/2024	Wedbush 4 of 5 stars	Reiterated Rating	Outperform ➝ Outperform	$95.00 ➝ $95.00	+31.14%
10/25/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$92.00 ➝ $92.00	+28.87%
10/25/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$75.00 ➝ $83.00	+16.26%
10/25/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$94.00 ➝ $100.00	+34.41%
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10/25/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$115.00 ➝ $115.00	+73.40%
10/24/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$79.00 ➝ $72.00	+8.34%
10/24/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$95.00 ➝ $85.00	+27.90%
10/24/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$74.00 ➝ $72.00	+8.34%
10/24/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$95.00 ➝ $90.00	+35.42%
9/13/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$95.00 ➝ $80.00	+26.48%
8/15/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$85.00 ➝ $85.00	+34.43%
8/1/2024	Summit Insights Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
6/4/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$90.00 ➝ $100.00	+35.83%
5/31/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$80.00 ➝ $90.00	+19.19%
4/29/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$68.00 ➝ $88.00	+25.70%
4/26/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$65.00 ➝ $100.00	+44.01%
4/22/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
4/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$75.00 ➝ $85.00	+20.96%
4/10/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$72.00 ➝ $95.00	+32.24%
1/16/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$45.00 ➝ $65.00	+29.97%
10/31/2023	Fox Advisors Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$52.00	+24.40%
8/2/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$40.00 ➝ $45.00	+6.08%
2/1/2023	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$50.00 ➝ $60.00	+37.05%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 03:38 AM ET.

WDC Forecast - Frequently Asked Questions

: According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Western Digital is $87.71, with a high forecast of $115.00 and a low forecast of $65.00.
: 21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Western Digital in the last year. There are currently 5 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" WDC shares.
: According to analysts, Western Digital's stock has a predicted upside of 37.14% based on their 12-month stock forecasts.
: Western Digital has been rated by research analysts at Barclays, Benchmark, BNP Paribas, Cantor Fitzgerald, Citigroup, Evercore ISI, Morgan Stanley, Rosenblatt Securities, Susquehanna, TD Cowen, The Goldman Sachs Group, UBS Group, and Wedbush in the past 90 days.
: Analysts like Western Digital more than other "computer and technology" companies. The consensus rating score for Western Digital is 2.76 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how WDC compares to other companies.

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This page (NASDAQ:WDC) was last updated on 11/13/2024 by MarketBeat.com Staff

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Western Digital (WDC) Stock Forecast & Price Target