Western Digital Corporation (WDC)
NASDAQ: WDC · IEX Real-Time Price · USD
73.32
+1.22 (1.69%)
May 20, 2024, 2:45 PM EDT - Market open
Western Digital Stock Forecast
Stock Price Forecast
The 21 analysts with 12-month price forecasts for Western Digital stock have an average target of 80.1, with a low estimate of 45 and a high estimate of 115. The average target predicts an increase of 9.25% from the current stock price of 73.32.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for WDC stock from 23 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
---|---|---|---|---|---|---|
Strong Buy | 5 | 6 | 6 | 5 | 8 | 9 |
Buy | 5 | 8 | 8 | 9 | 9 | 9 |
Hold | 8 | 6 | 6 | 6 | 6 | 5 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 18 | 20 | 20 | 20 | 23 | 23 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Citigroup | Citigroup | Strong Buy Initiates $90 | Strong Buy | Initiates | $90 | +22.75% | May 14, 2024 |
Argus Research | Argus Research | Strong Buy Maintains $68 → $88 | Strong Buy | Maintains | $68 → $88 | +20.02% | Apr 29, 2024 |
Evercore ISI Group | Evercore ISI Group | Buy Maintains $80 → $85 | Buy | Maintains | $80 → $85 | +15.93% | Apr 26, 2024 |
Benchmark | Benchmark | Hold → Strong Buy Upgrades $85 | Hold → Strong Buy | Upgrades | $85 | +15.93% | Apr 26, 2024 |
Wedbush | Wedbush | Buy Reiterates $85 | Buy | Reiterates | $85 | +15.93% | Apr 26, 2024 |
Financial Forecast
Revenue This Year
12.88B
from 12.32B
Increased by 4.55%
Revenue Next Year
16.93B
from 12.88B
Increased by 31.48%
EPS This Year
-1.55
from -5.44
EPS Next Year
6.42
from -1.55
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 13.6B | 21.1B | 19.2B | 19.9B | 20.1B |
Avg | 12.9B | 16.9B | 17.7B | 19.1B | 19.3B |
Low | 12.3B | 15.2B | 16.0B | 18.5B | 18.8B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 10.7% | 64.0% | 13.2% | 12.1% | 5.1% |
Avg | 4.5% | 31.5% | 4.7% | 7.8% | 1.1% |
Low | 0.1% | 18.1% | -5.4% | 4.6% | -1.9% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | -0.67 | 12.56 | 8.30 | 7.04 | 7.15 |
Avg | -1.55 | 6.42 | 5.90 | 6.77 | 6.88 |
Low | -2.06 | 2.94 | 3.63 | 6.57 | 6.67 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | - | - | 29.2% | 19.3% | 5.7% |
Avg | - | - | -8.2% | 14.8% | 1.6% |
Low | - | - | -43.5% | 11.4% | -1.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.