WDC, NAND, NVM, enterprise storage systems, etc. Message Board

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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.

SNDK 267.80

+11.8%

Nov 10 3:59 PM EST

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Sam

From: Unwelcomeguest	6/22/2020 12:46:44 PM
	1 Recommendation of 4826

Upgrade out from Benchmark. Received in my eTrade account, so I can't offer a link. Here is the text. Western Digital upgraded to Buy at The Benchmark Company; tgt $60 10:01 AM ET 6/22/20 \| Briefing.com . The Benchmark Company upgrades WDC to Buy from Hold and sets target price at $60. Analyst Mark Miller added, "We are raising our rating on WDC to Buy following our recent investor call with management. The Company is ramping 18 TB EAMR hard drives and gaining share in the enterprise SSD market. WDC projects shipments of 1 million EAMR drives next quarter and the Company is reporting progress on the ramp of its 112-layer, BiCS5 NAND chip, while others are facing challenges on their transition to 128-layer NAND chips. These factors, along with an attractive share price, now takes our rating to Buy with a $60 price target, which in conjunction with our FY21 non-GAAP EPS estimate of $5.78 represents a forward P/E multiple of 10.4x."

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