Benchmark raised the firm’s price target on Western Digital (WDC) to $58 from $55 and keeps a Buy rating on the shares after the company posted earnings upside and guided to higher results for the June quarter. Demand from hyperscale customers, which was “robust,” is expected to continue as 2025 progresses, the analyst tells investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WDC:
- Western Digital price target lowered to $50 from $80 at Barclays
- Western Digital’s Strong Financial Performance and Strategic Initiatives Justify Buy Rating and Increased Price Objective
- Western Digital reinstated with Overweight from Neutral at JPMorgan
- Western Digital’s Q3 2025 Earnings and Dividend Launch
- Western Digital’s Earnings Call: Cloud Growth & Dividends
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue