Western Digital (WDC) Stock Forecast, Price Target & Predictions


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WDC Stock Forecast


Western Digital stock forecast is as follows: an average price target of $78.17 (represents a 18.64% upside from WDC’s last price of $65.89) and a rating consensus of 'Buy', based on 21 wall street analysts offering a 1-year stock forecast.

WDC Price Target


The average price target for Western Digital (WDC) is $78.17 based on 1-year price targets from 21 Wall Street analysts in the past 3 months, with a price target range of $115.00 to $60.00. This represents a potential 18.64% upside from WDC's last price of $65.89.

WDC Analyst Ratings


Buy

According to 21 Wall Street analysts, Western Digital's rating consensus is 'Buy'. The analyst rating breakdown for WDC stock is 0 'Strong Buy' (0.00%), 16 'Buy' (76.19%), 5 'Hold' (23.81%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Western Digital Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 10, 2024Asiya MerchantCitigroup$85.00$62.6135.76%29.00%
Aug 15, 2024Amit DaryananiEvercore ISI$85.00$61.5138.19%29.00%
Jun 11, 2024Mehdi HosseiniSusquehanna$88.00$77.1014.14%33.56%
May 31, 2024Vijay RakeshMizuho Securities$90.00$75.5119.19%36.59%
Apr 29, 2024Jim KelleherArgus Research$88.00$69.7426.18%33.56%
Apr 12, 2024Toshiya HariGoldman Sachs$76.00$73.902.84%15.34%
Apr 10, 2024Mehdi HosseiniSusquehanna$83.00$72.6514.25%25.97%
Apr 09, 2024Vijay RakeshMizuho Securities$80.00$72.959.66%21.41%
Apr 05, 2024Kevin CassidyRosenblatt Securities$115.00$70.5463.03%74.53%
Mar 26, 2024Amit DaryananiEvercore ISI$80.00$68.1517.39%21.41%
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The latest Western Digital stock forecast, released on Sep 10, 2024 by Asiya Merchant from Citigroup, set a price target of $85.00, which represents a 35.76% increase from the stock price at the time of the forecast ($62.61), and a 29.00% increase from WDC last price ($65.89).

Western Digital Price Target by Period


1M3M12M
# Anlaysts1213
Avg Price Target$85.00$85.00$79.85
Last Closing Price$65.89$65.89$65.89
Upside/Downside29.00%29.00%21.19%

In the current month, the average price target of Western Digital stock is $85.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 29.00% increase as opposed to Western Digital's last price of $65.89. This month's average price target is down 0.00% compared to last quarter, and up 6.45% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 13, 2024Cowen & Co.BuyBuyHold
Sep 10, 2024Goldman SachsNeutralNeutralHold
Sep 10, 2024WedbushBuyBuyHold
Sep 10, 2024CitigroupBuyBuyHold
Aug 15, 2024SusquehannaUnderperformUnderperformHold
Aug 15, 2024WedbushBuyBuyHold
Aug 15, 2024Evercore ISIOutperformOutperformHold
Aug 01, 2024BenchmarkBuyBuyHold
Aug 01, 2024Summit Insights GroupBuyHoldDowngrade
Jul 22, 2024WedbushBuyBuyHold
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Western Digital's last stock rating was published by Cowen & Co. on Sep 13, 2024. The company gave WDC a "Buy" rating, the same as its previous rate.

Western Digital Financial Forecast


Western Digital Revenue Forecast

Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
Revenue--------------$3.03B$2.75B$2.67B$2.80B$3.11B$3.74B$4.53B$4.38B$4.83B$5.05B$4.92B$4.14B$4.23B$3.92B$4.29B$4.17B
Avg Forecast$4.03B$4.01B$4.02B$4.43B$4.71B$4.67B$4.84B$4.71B$4.43B$4.30B$4.35B$4.11B$3.75B$3.37B$3.00B$2.66B$2.53B$2.70B$2.98B$3.59B$4.57B$4.34B$4.81B$5.06B$4.55B$3.97B$3.88B$3.83B$4.34B$4.18B
High Forecast$4.09B$4.07B$4.09B$4.50B$4.78B$4.75B$4.92B$4.79B$4.50B$4.37B$4.42B$4.17B$3.81B$3.42B$3.09B$2.71B$2.57B$2.75B$3.03B$3.65B$4.64B$4.41B$4.89B$5.13B$4.62B$4.03B$3.94B$3.89B$4.41B$4.24B
Low Forecast$3.97B$3.94B$3.96B$4.36B$4.63B$4.60B$4.77B$4.64B$4.36B$4.23B$4.28B$4.06B$3.69B$3.32B$2.96B$2.58B$2.49B$2.66B$2.93B$3.53B$4.50B$4.28B$4.75B$4.99B$4.48B$3.92B$3.83B$3.78B$4.28B$4.12B
# Analysts11117777555511121134181398148817911179777
Surprise %--------------1.01%1.04%1.06%1.04%1.04%1.04%0.99%1.01%1.00%1.00%1.08%1.04%1.09%1.02%0.99%1.00%

Western Digital's average Quarter revenue forecast for Mar 24 based on 3 analysts is $3.37B, with a low forecast of $3.32B, and a high forecast of $3.42B. WDC's average Quarter revenue forecast represents a 11.16% increase compared to the company's last Quarter revenue of $3.03B (Dec 23).

Western Digital EBITDA Forecast

Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts11117777555511121134181398148817911179777
EBITDA--------------$-210.00M$-392.00M$-412.00M$-219.00M$-31.00M$398.00M$802.00M$544.00M$964.00M$1.03B$927.00M$581.00M$464.00M$455.00M$649.00M$529.00M
Avg Forecast$396.95M$394.75M$396.29M$436.20M$463.78M$460.26M$477.13M$463.98M$436.16M$423.55M$428.34M$405.16M$369.00M$119.94M$295.45M$261.56M$248.86M$109.04M$293.43M$1.30B$432.75M$116.62M$456.21M$479.12M$453.20M$376.53M$368.03M$363.37M$643.68M$395.70M
High Forecast$403.28M$401.04M$402.61M$443.16M$471.17M$467.60M$484.74M$471.38M$443.11M$430.30M$435.17M$411.07M$374.88M$143.93M$304.35M$267.29M$252.83M$130.85M$298.11M$1.56B$439.30M$139.95M$463.12M$486.37M$543.84M$382.23M$373.60M$368.87M$772.42M$401.69M
Low Forecast$390.73M$388.56M$390.08M$429.36M$456.50M$453.04M$469.65M$456.71M$429.32M$416.91M$421.62M$400.23M$363.21M$95.96M$291.50M$253.96M$244.96M$87.23M$288.83M$1.04B$426.67M$93.30M$449.80M$472.38M$362.56M$371.24M$362.86M$358.27M$514.94M$390.14M
Surprise %---------------0.71%-1.50%-1.66%-2.01%-0.11%0.31%1.85%4.66%2.11%2.15%2.05%1.54%1.26%1.25%1.01%1.34%

8 analysts predict WDC's average Quarter EBITDA for Dec 22 to be $293.43M, with a high of $298.11M and a low of $288.83M. This is -26.27% lower than Western Digital's previous annual EBITDA (Sep 22) of $398.00M.

Western Digital Net Income Forecast

Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts11117777555511121134181398148817911179777
Net Income--------------$-282.00M$-685.00M$-715.00M$-572.00M$-446.00M$27.00M$301.00M$25.00M$564.00M$610.00M$622.00M$197.00M$-139.00M$-60.00M$148.00M$17.00M
Avg Forecast$344.34M$362.99M$422.03M$689.23M$758.92M$786.85M$849.46M$822.23M$744.49M$701.96M$693.15M$595.75M$412.10M$-819.86M$-390.52M$-666.37M$-704.76M$-745.32M$-51.39M$562.10M$606.14M$-797.14M$741.95M$853.98M$304.09M$238.82M$186.77M$191.04M$146.79M$322.41M
High Forecast$351.47M$370.51M$430.77M$703.51M$774.65M$803.15M$867.07M$839.27M$759.92M$716.51M$707.51M$630.39M$420.64M$-655.89M$-352.50M$-628.00M$-690.39M$-596.26M$-50.34M$674.52M$618.07M$-637.71M$756.56M$870.79M$364.91M$243.52M$190.44M$194.80M$176.14M$328.76M
Low Forecast$337.32M$355.59M$413.42M$675.18M$743.45M$770.80M$832.14M$805.47M$729.31M$687.65M$679.01M$571.50M$403.70M$-983.83M$-414.71M$-687.31M$-719.36M$-894.39M$-52.45M$449.68M$595.07M$-956.57M$728.40M$838.38M$243.27M$234.45M$183.36M$187.55M$117.43M$316.52M
Surprise %--------------0.72%1.03%1.01%0.77%8.68%0.05%0.50%-0.03%0.76%0.71%2.05%0.82%-0.74%-0.31%1.01%0.05%

Western Digital's average Quarter net income forecast for Dec 22 is $-51.39M, with a range of $-52.45M to $-50.34M. WDC's average Quarter net income forecast represents a -290.33% decrease compared to the company's last Quarter net income of $27.00M (Sep 22).

Western Digital SG&A Forecast

Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts11117777555511121134181398148817911179777
SG&A--------------$198.00M$207.00M$231.00M$242.00M$250.00M$247.00M$266.00M$281.00M$279.00M$291.00M$297.00M$287.00M$298.00M$256.00M$269.00M$281.00M
Avg Forecast$270.83M$269.32M$270.38M$297.61M$316.42M$314.02M$325.53M$316.56M$297.58M$288.98M$292.24M$276.42M$251.76M$498.12M$201.58M$178.45M$169.79M$452.84M$200.20M$391.60M$306.95M$484.32M$323.58M$339.83M$145.20M$267.07M$261.04M$257.74M$266.80M$280.66M
High Forecast$275.14M$273.62M$274.69M$302.35M$321.46M$319.03M$330.72M$321.61M$302.32M$293.58M$296.90M$280.46M$255.77M$597.75M$207.65M$182.36M$172.50M$543.41M$203.39M$469.92M$311.59M$581.18M$328.48M$344.98M$174.24M$271.11M$264.99M$261.64M$320.15M$284.91M
Low Forecast$266.58M$265.10M$266.14M$292.94M$311.46M$309.10M$320.43M$311.60M$292.91M$284.44M$287.66M$273.06M$247.81M$398.50M$198.88M$173.27M$167.13M$362.27M$197.06M$313.28M$302.63M$387.46M$319.04M$335.06M$116.16M$263.32M$257.37M$254.11M$213.44M$276.72M
Surprise %--------------0.98%1.16%1.36%0.53%1.25%0.63%0.87%0.58%0.86%0.86%2.05%1.07%1.14%0.99%1.01%1.00%

Western Digital's average Quarter SG&A projection for Mar 24 is $498.12M, based on 3 Wall Street analysts, with a range of $398.50M to $597.75M. The forecast indicates a 151.58% rise compared to WDC last annual SG&A of $198.00M (Dec 23).

Western Digital EPS Forecast

Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts11117777555511121134181398148817911179777
EPS--------------$-0.87$-2.12$-2.23$-1.79$-1.40$0.09$0.96$0.08$1.81$1.97$2.03$0.64$-0.47$-0.20$0.49$0.06
Avg Forecast$0.99$1.04$1.21$1.97$2.17$2.25$2.43$2.36$2.13$2.01$1.99$1.71$1.18$0.22$-1.12$-1.91$-2.02$-1.57$-0.15$0.38$1.74$1.49$2.13$2.45$1.51$0.68$0.54$0.55$1.22$0.92
High Forecast$1.01$1.06$1.23$2.02$2.22$2.30$2.48$2.40$2.18$2.05$2.03$1.81$1.21$0.22$-1.01$-1.80$-1.98$-1.54$-0.14$0.39$1.77$1.52$2.17$2.50$1.54$0.70$0.55$0.56$1.25$0.94
Low Forecast$0.97$1.02$1.18$1.93$2.13$2.21$2.38$2.31$2.09$1.97$1.95$1.64$1.16$0.21$-1.19$-1.97$-2.06$-1.60$-0.15$0.37$1.71$1.46$2.09$2.40$1.49$0.67$0.53$0.54$1.20$0.91
Surprise %--------------0.78%1.11%1.10%1.14%9.51%0.24%0.55%0.05%0.85%0.81%1.34%0.94%-0.88%-0.37%0.40%0.06%

According to 8 Wall Street analysts, Western Digital's projected average Quarter EPS for Dec 22 is $-0.15, with a low estimate of $-0.15 and a high estimate of $-0.14. This represents a -263.61% decrease compared to WDC previous annual EPS of $0.09 (Sep 22).

Western Digital Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
DDD3D Systems$2.62$7.25176.72%Buy
SSYSStratasys$7.48$12.2563.77%Buy
SMCISuper Micro Computer$439.38$718.8063.59%Buy
PSTGPure Storage$49.80$60.0620.60%Buy
WDCWestern Digital$65.89$78.1718.64%Buy
STXSeagate Technology$102.07$108.946.73%Buy
LOGILogitech$87.03$88.291.45%Buy
DELLDell$116.82$114.09-2.34%Buy
HPQHP$34.43$32.60-5.32%Hold
NTAPNetApp$119.04$110.56-7.12%Buy
ANETArista Networks$360.95$232.13-35.69%Buy

WDC Forecast FAQ


Yes, according to 21 Wall Street analysts, Western Digital (WDC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 16 'Buy' recommendations, accounting for 76.19% of WDC's total ratings.

Western Digital (WDC) average price target is $78.17 with a range of $60 to $115, implying a 18.64% from its last price of $65.89. The data is based on 21 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for WDC stock, the company can go up by 18.64% (from the last price of $65.89 to the average price target of $78.17), up by 74.53% based on the highest stock price target, and down by -8.94% based on the lowest stock price target.

WDC's highest twelve months analyst stock price target of $115 supports the claim that Western Digital can reach $100 in the near future.

1 Wall Street analyst forecast a $85 price target for Western Digital (WDC) this month, up 29.00% from its last price of $65.89. Compared to the last 3 and 12 months, the average price target increased by 29.00% and increased by 21.19%, respectively.

Western Digital's analysts financial forecasts for the fiscal year (Jun 2026) are as follows: average revenue is $18.93B (high $19.24B, low $18.64B), average EBITDA is $1.87B (high $1.89B, low $1.84B), average net income is $3.22B (high $3.28B, low $3.15B), average SG&A $1.27B (high $1.29B, low $1.25B), and average EPS is $9.22 (high $9.41, low $9.03). WDC's analysts financial forecasts for the fiscal year (Jun 2027) are as follows: average revenue is $16.49B (high $16.75B, low $16.23B), average EBITDA is $1.62B (high $1.65B, low $1.6B), average net income is $1.82B (high $1.86B, low $1.78B), average SG&A $1.11B (high $1.13B, low $1.09B), and average EPS is $5.21 (high $5.32, low $5.1).

Based on Western Digital's last annual report (Jun 2023), the company's revenue was $12.32B, beating the average analysts forecast of $11.8B by 4.42%. Apple's EBITDA was $-264M, missing the average prediction of $1.95B by -113.55%. The company's net income was $-1.706B, beating the average estimation of $-939M by 81.61%. Apple's SG&A was $970M, missing the average forecast of $1.21B by -20.13%. Lastly, the company's EPS was $-5.36, beating the average prediction of $-3.359 by 59.56%. In terms of the last quarterly report (Dec 2023), Western Digital's revenue was $3.03B, beating the average analysts' forecast of $3B by 1.09%. The company's EBITDA was $-210M, missing the average prediction of $295.45M by -171.08%. Western Digital's net income was $-282M, missing the average estimation of $-391M by -27.79%. The company's SG&A was $198M, missing the average forecast of $201.58M by -1.78%. Lastly, the company's EPS was $-0.87, missing the average prediction of $-1.119 by -22.25%