Rosenblatt Securities analyst Kevin Cassidy maintained a Hold rating on Western Digital on Thursday, setting a price target of $63, which is approximately 11.64% below the present share price of $71.3.
Cassidy expects Western Digital to post earnings per share (EPS) of $0.20 for the first quarter of 2021.
The current consensus among 19 TipRanks analysts is for a Strong Buy rating of shares in Western Digital, with an average price target of $78.67.
The analysts price targets range from a high of $100 to a low of $63.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $3.94 billion and a net profit of $160 million. The company's market cap is $21.82 billion.
According to TipRanks.com, Rosenblatt Securities analyst Kevin Cassidy is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 27.4% and a 72.20% 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.