Susquehanna analyst Mehdi Hosseini raised the firm’s price target on Western Digital to $46 from $38 and keeps a Neutral rating on the shares. The firm updated its estimates following its results but prefers to observe bit supply/demand dynamics before gaining confidence in a much stronger recovery.
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>>
See the top stocks recommended by analysts >>
Read More on WDC:
- Western Digital price target raised to $52 from $45 at Mizuho
- Western Digital price target raised to $46 from $42 at UBS
- Western Digital price target raised to $45 from $40 at Barclays
- Western Digital files to sell $1.3B in convertible senior notes due 2028
- Western Digital upgraded to Buy at Summit Insights after Q1 report