Citi analyst Asiya Merchant raised the firm’s price target on Western Digital (WDC) to $88 from $78 and keeps a Buy rating on the shares. The company reported strong results on sustained cloud momentum, the analyst tells investors in a research note.
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Read More on WDC:
- Western Digital Reports Strong Fiscal 2025 Results
- Western Digital’s Strategic Focus and AI Demand Drive Buy Rating
- Western Digital’s Promising Outlook: Strong Growth, Innovative Technology, and Shareholder Value Enhancement
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- Western Digital sees Q1 adjusted EPS $1.54, plus or minus 15c, consensus $1.38