Morgan Stanley puts a $63 target on WDC
Link: m.investing.com
Morgan Stanley (NYSE: MS) analyst Joseph Moore maintained a Buy rating on Western Digital on Tuesday, setting a price target of $63, which is approximately 46.75% above the present share price of $42.93.
Moore expects Western Digital to post earnings per share (EPS) of $0.06 for the second quarter of 2020.
The current consensus among 17 TipRanks analysts is for a Moderate Buy rating of shares in Western Digital, with an average price target of $60.38.
The analysts price targets range from a high of $88 to a low of $42.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $4.18 billion and a net profit of $161 million. The company's market cap is $12.87 billion.
According to TipRanks.com, Morgan Stanley analyst Joseph Moore is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.3% and a 53.89% success rate.
Western Digital Corp (NASDAQ: WDC). engages in the development, manufacture, market and sale of data storage devices and solutions. It operates through the following product categories: client devices, data center devices and solutions, and client solutions. The client devices category includes mobile, desktop, gaming and digital video hard drives, solid state drives (SSDs), embedded products, and wafers. The data center devices and solutions category covers capacity and performance enterprise hard disk drives (HDDs), enterprise SSDs, data center software, and system solutions. The client solutions category offers removable products, hard drive content solutions, and flash content solutions. The company was founded by Alvin B. Phillips in 1970 and is headquartered in San Jose, CA. |
