Susquehanna analyst Mehdi Hosseini raised the firm’s price target on Western Digital (WDC) to $83 from $75 and keeps a Neutral rating on the shares. The firm said they are positioned well given the strength in HDD, driven by cycle recovery/NL share gains, and execution on eSSD gains, which combined with an expected NAND ASP recovery by mid-2025, positions them with continued GM/OM/EPS recovery into 2025.
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Read More on WDC:
- Western Digital price target raised to $100 from $94 at Morgan Stanley
- Western Digital price target raised to $90 from $80 at Barclays
- Closing Bell Movers: Deckers up 12% after earnings beat
- Western Digital reports Q1 adjusted EPS $1.78, consensus $1.71
- Western Digital sees Q2 adjusted EPS $1.75-$2.05, consensus $1.93