Can analysts adopt a bullish outlook for Western Digital Corporation (NASDAQ:WDC)?

Western Digital Corporation (NASDAQ:WDC) Logo
Investors sentiment increased to 1.31 in Q1 2019. Its up 0.56, from 0.75 in 2018Q4. It is positive, as 44 investors sold Western Digital Corporation shares while 163 reduced holdings. 97 funds opened positions while 174 raised stakes. 269.56 million shares or 9.16% more from 246.93 million shares in 2018Q4 were reported.
Moreover, Waddell Reed has 0.03% invested in Western Digital Corporation (NASDAQ:WDC) for 265,492 shares. New York State Common Retirement Fund reported 852,233 shares. Commerce Bankshares has invested 0% in Western Digital Corporation (NASDAQ:WDC). Regentatlantic Cap Limited Liability Company holds 0.11% or 32,697 shares in its portfolio. 14,203 were accumulated by Srb. Pictet Asset Mgmt Limited reported 0.02% in Western Digital Corporation (NASDAQ:WDC). Smith Graham & Invest Advsr L P holds 0.74% or 140,741 shares in its portfolio. Sumitomo Mitsui Asset stated it has 591,645 shares. Envestnet Asset reported 0.01% stake. North Star Investment Corp has invested 0.01% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Supplemental Annuity Collective Of Nj accumulated 0.47% or 22,000 shares. Norinchukin Bankshares The holds 0.04% or 57,853 shares in its portfolio. 143,691 were reported by Parallax Volatility Advisers Ltd Partnership. Korea Invest owns 1,000 shares. Focused Wealth Mgmt has invested 0.04% in Western Digital Corporation (NASDAQ:WDC).

Western Digital Corporation (NASDAQ:WDC) Ratings Coverage

Among 11 analysts covering Western Digital (NASDAQ:WDC), 6 have Buy rating, 3 Sell and 2 Hold. Therefore 55% are positive. Western Digital has $7000 highest and $32.5000 lowest target. $53.32’s average target is -16.61% below currents $63.94 stock price. Western Digital had 25 analyst reports since March 12, 2019 according to SRatingsIntel. UBS maintained the shares of WDC in report on Tuesday, April 30 with “Neutral” rating. Robert W. Baird downgraded it to “Underperform” rating and $4000 target in Friday, April 26 report. The stock of Western Digital Corporation (NASDAQ:WDC) earned “Outperform” rating by RBC Capital Markets on Tuesday, April 9. Benchmark maintained it with “Sell” rating and $4600 target in Friday, September 6 report. As per Tuesday, March 12, the company rating was maintained by Mizuho. Bank of America maintained the shares of WDC in report on Wednesday, April 24 with “Buy” rating. The firm earned “Outperform” rating on Thursday, August 1 by Wells Fargo. Citigroup maintained the stock with “Buy” rating in Tuesday, April 30 report. The rating was maintained by Stifel Nicolaus on Tuesday, April 30 with “Buy”. The firm has “Sell” rating by Benchmark given on Tuesday, July 2. Below is a list of Western Digital Corporation (NASDAQ:WDC) latest ratings and price target changes.

06/09/2019 Broker: Benchmark Rating: Sell Old Target: $40.0000 New Target: $46.0000 Maintain
04/09/2019 Broker: Mizuho Rating: Buy Old Target: $61.0000 New Target: $64.0000 Maintain
03/09/2019 Broker: Evercore Old Rating: Underperform New Rating: In-Line Upgrade
08/08/2019 Broker: Barclays Capital Rating: Equal-Weight New Target: $53.0000 Initiates Coverage On
01/08/2019 Broker: Wells Fargo Rating: Outperform Old Target: $65.0000 New Target: $70.0000 Maintain
02/07/2019 Broker: Benchmark Old Rating: Hold New Rating: Sell New Target: $40.0000 Downgrade
01/07/2019 Broker: Mizuho Old Rating: Neutral New Rating: Buy Upgrade
27/06/2019 Broker: Wedbush Rating: Underperform New Target: $32.5000 Initiates Coverage On
26/06/2019 Broker: Craig Hallum Old Rating: Hold New Rating: Buy Upgrade
29/05/2019 Broker: BidaskScore Rating: Sell Downgrade

The stock increased 2.68% or $1.67 during the last trading session, reaching $63.94. About 3.07M shares traded. Western Digital Corporation (NASDAQ:WDC) has declined 23.05% since September 11, 2018 and is downtrending. It has underperformed by 23.05% the S&P500.

Western Digital Corporation, together with its subsidiaries, develops, makes, and sells data storage devices and solutions worldwide. The company has market cap of $17.41 billion. It offers performance hard disk drives that are used in enterprise servers, data analysis, and other enterprise applications; capacity HDDs and drive configurations for use in data storage systems and tiered storage models; and enterprise solid state drives (SSDs), including NAND-flash SSDs and software solutions that are designed to enhance the performance in various enterprise workload environments. It currently has negative earnings. The firm also provides system solutions that offer petabyte scalable capacity; data storage platforms and systems; datacenter software and systems; and HDDs and SSDs for desktop and notebook PCs, gaming consoles, security surveillance systems, and set top boxes.

More notable recent Western Digital Corporation (NASDAQ:WDC) news were published by: Nasdaq.com which released: “Western Digital Unveils High Storage-Capable Data Center HDDs – Nasdaq” on September 04, 2019, also Seekingalpha.com with their article: “WDC, MU gain on positive pricing note – Seeking Alpha” published on September 04, 2019, Nasdaq.com published: “Why Western Digital (WDC) is Such a Great Value Stock Pick Right Now – Nasdaq” on August 27, 2019. More interesting news about Western Digital Corporation (NASDAQ:WDC) were released by: Finance.Yahoo.com and their article: “We Think Western Digital (NASDAQ:WDC) Is Taking Some Risk With Its Debt – Yahoo Finance” published on August 14, 2019 as well as Nasdaq.com‘s news article titled: “3 Big Stock Charts for Tuesday: Weyerhaeuser, Western Digital and Air Products & Chemicals – Nasdaq” with publication date: September 03, 2019.

Western Digital Corporation (NASDAQ:WDC) Institutional Positions Chart

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