Citi analyst Asiya Merchant raised the firm’s price target on Western Digital (WDC) to $135 from $110 and keeps a Buy rating on the shares. The firm is positive on hard disk drive storage and NAND memory into earnings. Solid supply/demand dynamics and long-term tailwinds from artificial intelligence should bring better sentiment on the names, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WDC: