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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
SNDK 200.32+2.2%3:59 PM EST
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To: Sam who wrote (3680)5/1/2018 9:27:55 PM
From: Unwelcomeguest1 Recommendation

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franklin1

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Good ER from Apple and maybe it will lift MU and WDC a bit. I think Apple will be up more than the AH numbers tomorrow.

On another note, here is some commentary on WDC from Susquehanna's analyst from the ticker on this website (my bolding):

Data giant Western Digital (Nasdaq: WDC) is a key player in the multi-billion-dollar memory industry. Shares in WDC rose 3% on April 26 on better-than-expected profit and revenue. WDC delivered March-quarter revenue/EPS of $5.0B/$3.63 smoothly sailing past the expected $4.93B/$3.31.

Top Susquehanna analyst Mehdi Hosseini sees massive upside potential for WDC of 85%. He points out that consensus keeps moving higher, “but stock still asleep; can’t hit snooze forever.” Shares can reach $150 from the current $81 price says Hosseini and pushes up his full year revenue estimate to $20.6 billion from $20.5 billion previously.



“WDC continues to benefit from insatiable cloud demand for high-cap Nearline drives, but while this may spill over into 2HCY18, the key story to watch will be whether a tighter NAND [flash memory] supply environment unfolds in 2HCY18 – a notion that we have been supporting for the past several months, and that WDC acknowledged could become a reality” opines Hosseini.

Even though he is more bullish than consensus, we can see that the average analyst price target for WDC still indicates 47% upside potential. You can click on the screenshot below for further insights into the individual ratings.

UWG
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