Susquehanna analyst Mehdi Hosseini reiterated a Buy rating on Western Digital on Monday, setting a price target of $120, which is approximately 112.05% above the present share price of $56.59.
Hosseini expects Western Digital to post earnings per share (EPS) of $2.03 for the fourth quarter of 2021.
The current consensus among 17 TipRanks analysts is for a Strong Buy rating of shares in Western Digital, with an average price target of $93.71.
The analysts price targets range from a high of $120 to a low of $66.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $4.92 billion and a net profit of $671 million. The company's market cap is $17.63 billion.
According to TipRanks.com, Susquehanna analyst Mehdi Hosseini is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.0% and a 55.97% 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.