Western Digital (WDC) Stock Forecast, Price Target & Predictions
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
WDC Analyst Ratings
Western Digital Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Sep 10, 2024 | Asiya Merchant | Citigroup | $85.00 | $62.61 | 35.76% | 29.00% |
Aug 15, 2024 | Amit Daryanani | Evercore ISI | $85.00 | $61.51 | 38.19% | 29.00% |
Jun 11, 2024 | Mehdi Hosseini | Susquehanna | $88.00 | $77.10 | 14.14% | 33.56% |
May 31, 2024 | Vijay Rakesh | Mizuho Securities | $90.00 | $75.51 | 19.19% | 36.59% |
Apr 29, 2024 | Jim Kelleher | Argus Research | $88.00 | $69.74 | 26.18% | 33.56% |
Apr 12, 2024 | Toshiya Hari | Goldman Sachs | $76.00 | $73.90 | 2.84% | 15.34% |
Apr 10, 2024 | Mehdi Hosseini | Susquehanna | $83.00 | $72.65 | 14.25% | 25.97% |
Apr 09, 2024 | Vijay Rakesh | Mizuho Securities | $80.00 | $72.95 | 9.66% | 21.41% |
Apr 05, 2024 | Kevin Cassidy | Rosenblatt Securities | $115.00 | $70.54 | 63.03% | 74.53% |
Mar 26, 2024 | Amit Daryanani | Evercore ISI | $80.00 | $68.15 | 17.39% | 21.41% |
Western Digital Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | 1 | 2 | 13 |
Avg Price Target | $85.00 | $85.00 | $79.85 |
Last Closing Price | $65.89 | $65.89 | $65.89 |
Upside/Downside | 29.00% | 29.00% | 21.19% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Sep 13, 2024 | Cowen & Co. | Buy | Buy | Hold |
Sep 10, 2024 | Goldman Sachs | Neutral | Neutral | Hold |
Sep 10, 2024 | Wedbush | Buy | Buy | Hold |
Sep 10, 2024 | Citigroup | Buy | Buy | Hold |
Aug 15, 2024 | Susquehanna | Underperform | Underperform | Hold |
Aug 15, 2024 | Wedbush | Buy | Buy | Hold |
Aug 15, 2024 | Evercore ISI | Outperform | Outperform | Hold |
Aug 01, 2024 | Benchmark | Buy | Buy | Hold |
Aug 01, 2024 | Summit Insights Group | Buy | Hold | Downgrade |
Jul 22, 2024 | Wedbush | Buy | Buy | Hold |
Western Digital Financial Forecast
Western Digital Revenue Forecast
Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 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 |
# Analysts | 11 | 11 | 7 | 7 | 7 | 7 | 5 | 5 | 5 | 5 | 11 | 12 | 11 | 3 | 4 | 18 | 13 | 9 | 8 | 14 | 8 | 8 | 17 | 9 | 11 | 17 | 9 | 7 | 7 | 7 |
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 EBITDA Forecast
Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 11 | 11 | 7 | 7 | 7 | 7 | 5 | 5 | 5 | 5 | 11 | 12 | 11 | 3 | 4 | 18 | 13 | 9 | 8 | 14 | 8 | 8 | 17 | 9 | 11 | 17 | 9 | 7 | 7 | 7 |
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% |
Western Digital Net Income Forecast
Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 11 | 11 | 7 | 7 | 7 | 7 | 5 | 5 | 5 | 5 | 11 | 12 | 11 | 3 | 4 | 18 | 13 | 9 | 8 | 14 | 8 | 8 | 17 | 9 | 11 | 17 | 9 | 7 | 7 | 7 |
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 SG&A Forecast
Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 11 | 11 | 7 | 7 | 7 | 7 | 5 | 5 | 5 | 5 | 11 | 12 | 11 | 3 | 4 | 18 | 13 | 9 | 8 | 14 | 8 | 8 | 17 | 9 | 11 | 17 | 9 | 7 | 7 | 7 |
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 EPS Forecast
Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 11 | 11 | 7 | 7 | 7 | 7 | 5 | 5 | 5 | 5 | 11 | 12 | 11 | 3 | 4 | 18 | 13 | 9 | 8 | 14 | 8 | 8 | 17 | 9 | 11 | 17 | 9 | 7 | 7 | 7 |
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% |
Western Digital Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
DDD | 3D Systems | $2.62 | $7.25 | 176.72% | Buy |
SSYS | Stratasys | $7.48 | $12.25 | 63.77% | Buy |
SMCI | Super Micro Computer | $439.38 | $718.80 | 63.59% | Buy |
PSTG | Pure Storage | $49.80 | $60.06 | 20.60% | Buy |
WDC | Western Digital | $65.89 | $78.17 | 18.64% | Buy |
STX | Seagate Technology | $102.07 | $108.94 | 6.73% | Buy |
LOGI | Logitech | $87.03 | $88.29 | 1.45% | Buy |
DELL | Dell | $116.82 | $114.09 | -2.34% | Buy |
HPQ | HP | $34.43 | $32.60 | -5.32% | Hold |
NTAP | NetApp | $119.04 | $110.56 | -7.12% | Buy |
ANET | Arista Networks | $360.95 | $232.13 | -35.69% | Buy |
WDC Forecast FAQ
Is Western Digital a good buy?
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.
What is WDC's price target?
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.
Will Western Digital stock go up soon?
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.
Can Western Digital stock reach $100?
WDC's highest twelve months analyst stock price target of $115 supports the claim that Western Digital can reach $100 in the near future.
What is Western Digital's current price target trend?
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.
What are Western Digital's analysts' financial forecasts?
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).
Did the WDC's actual financial results beat the analysts' financial forecasts?
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%