Western Digital Corp. (WDC) Stock Forecast & Predictions

Western Digital Corp. WDC: $66.26

5601 Great Oaks Pkwy, San Jose, California, US. | Sector: Manufacturing | Exchange: NASDAQ/NGS (GLOBAL SELECT MARKET) | Web: https://www.westerndigital.com/

  • Market Cap$21.26B
  • Change (52 Weeks)73.95%
  • Low (52 Weeks)$33.53
  • Western Digital Corp. (WDC) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Western Digital Corp. (WDC) stock price is $66.26 and the 52 weeks low is $33.53, which means the Western Digital Corp. stock price is up 73.95% in the last 12 months.

    Western Digital Corp. (WDC) Stock Price has been Trending Strongly with an ADX reading of 39.83 as per the Weekly Chart.

    A Upward trend indicates that Western Digital Corp. (WDC) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that WDC Stock price might rise further, 18.75% indicating that WDC Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall WDC stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Western Digital Corp. (WDC) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Western Digital Corp. (WDC) is based on 37 Institutional Analyst Ratings where 45.95% are on Strong Buy, 18.92% on Moderate Buy, 35.14% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 37 Institutional Analysts, majority recommended WDC stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Western Digital Corp..

    Western Digital Corp. (WDC) Stock Price Prediction By Analysts


    HighLowAverage
    $130.20$42.42$81.32
    $81.3222.73% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for WDC set by the institutional analysts is $81.32 where High Estimate is $130.20, Median $81.6 and Low $42.42.

    The average price target for WDC by Institutional Analysts is $81.32, which is 22.73% Upside from the current price. So according to the Institutional Analysts, WDC Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Western Digital Corp. (WDC) Stock Forecast Based on News Sentiment


    Bullish
    Based on 9 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about WDC, it shows that Western Digital Corp. had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that WDC stock price may surge in the next few weeks.

    Western Digital Corp. (WDC) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    SusquehannaPositiveMaintained
    BenchmarkBuyMaintained
    CitigroupBuyReiterated
    RosenblattNeutralMaintained
    Goldman SachsBuyUpgraded
    Morgan StanleyOverweightMaintained
    Craig-HallumBuyMaintained
    Summit Insights GroupBuyUpgraded
    RBC CapitalOutperformMaintained
    Evercore ISI GroupOutperformUpgraded
    RosenblattNeutralMaintained
    Craig-HallumBuyUpgraded
    Cleveland ResearchNeutralUpgraded
    Wells FargoOverweightMaintained
    StifelBuyMaintained
    RosenblattNeutralMaintained
    Morgan StanleyOverweightMaintained
    BenchmarkBuyMaintained
    B of A SecuritiesBuyMaintained
    BernsteinOutperformInitiated
    BenchmarkBuyUpgraded
    Morgan StanleyOverweightMaintained
    RosenblattHoldInitiated
    UBSNeutralMaintained
    MizuhoBuyMaintained
    CFRAHoldMaintained
    SusquehannaPositiveMaintained
    StifelBuyMaintained
    Deutsche BankBuyMaintained
    Wells FargoOverweightMaintained
    Morgan StanleyOverweightMaintained
    Stifel NicolausBuyUpgraded
    BairdOutperformUpgraded
    CascendBuyMaintained
    Argus ResearchBuyMaintained
    Wells FargoOverweightMaintained
    RBC CapitalOutperformMaintained
    Morgan StanleyOverweightMaintained
    MizuhoBuyReiterated
    Deutsche BankBuyMaintained
    CFRAHoldMaintained
    BenchmarkHoldUpgraded
    BairdUnderperformMaintained
    Wells FargoOverweightMaintained
    Morgan StanleyOverweightUpgraded
    Longbow ResearchBuyMaintained
    WedbushOutperformUpgraded
    Cowen & Co.OutperformUpgraded
    CascendBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    Loop CapitalBuyUpgraded
    Longbow ResearchBuyMaintained
    BenchmarkSellMaintained
    MizuhoBuyMaintained
    Evercore ISI GroupIn-LineUpgraded
    BarclaysEqual-WeightInitiated
    Wells FargoOutperformMaintained
    BenchmarkSellDowngraded
    MizuhoBuyUpgraded
    WedbushUnderperformInitiated
    Craig-HallumBuyUpgraded
    UBSNeutralMaintained
    Stifel NicolausBuyMaintained
    Craig-HallumHoldDowngraded
    CitigroupBuyMaintained
    BairdUnderperformDowngraded
    Bank of AmericaBuyReiterated
    Deutsche BankBuyUpgraded
    Longbow ResearchBuyUpgraded
    RBC CapitalOutperformMaintained
    Evercore ISI GroupUnderperformDowngraded
    Morgan StanleyEqual-WeightMaintained
    Craig-HallumBuyUpgraded
    SusquehannaNeutralDowngraded
    Loop CapitalHoldDowngraded
    CitigroupBuyMaintained
    Wells FargoOutperformMaintained
    Longbow ResearchNeutralDowngraded
    JP MorganNeutralDowngraded
    Craig-HallumHoldDowngraded
    BMO CapitalMarket PerformMaintained
    BenchmarkHoldDowngraded
    MizuhoNeutralDowngraded
    RBC CapitalSector PerformDowngraded
    Evercore ISI GroupIn-LineDowngraded
    Cowen & Co.Market PerformDowngraded
    CitigroupBuyMaintained
    Stifel NicolausBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    JP MorganOverweightMaintained
    BMO CapitalMarket PerformMaintained
    Bank of AmericaBuyMaintained
    Standpoint ResearchBuyUpgraded
    JP MorganOverweightInitiated
    Stifel NicolausBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    BarclaysOverweightMaintained
    BarclaysOverweightMaintained
    BairdOutperformUpgraded
    UBSNeutralMaintained
    Summit Redstone PartnersHoldDowngraded
    Craig-HallumBuyMaintained
    BMO CapitalMarket PerformDowngraded
    Summit Redstone PartnersBuyUpgraded
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightDowngraded
    CitigroupBuyMaintained
    UBSNeutralMaintained
    CitigroupBuyMaintained
    BarclaysOverweightMaintained
    UBSNeutralMaintained
    Deutsche BankHoldDowngraded
    BairdNeutralDowngraded
    Summit Redstone PartnersHoldDowngraded
    Loop CapitalBuyInitiated
    Evercore ISI GroupOutperformInitiated
    Aegis CapitalBuyInitiated
    JefferiesHoldDowngraded
    Wells FargoMarket PerformDowngraded
    Morgan StanleyOverweightUpgraded
    Bank of AmericaBuyUpgraded
    JP MorganOverweightUpgraded
    BMO CapitalOutperformUpgraded
    GuggenheimBuyInitiated
    Goldman SachsNeutralUpgraded
    Deutsche BankBuyMaintained
    Bank of AmericaNeutralUpgraded
    JefferiesBuyMaintained
    CitigroupBuyMaintained
    RBC CapitalOutperformMaintained
    BarclaysOverweightMaintained
    Longbow ResearchBuyUpgraded
    BenchmarkBuyMaintained
    FBR CapitalSector PerformMaintained
    BTIG ResearchBuyMaintained
    JefferiesBuyMaintained
    Goldman SachsSellMaintained
    BarclaysOverweightMaintained
    Goldman SachsSellDowngraded
    JP MorganNeutralMaintained
    Cross ResearchHoldDowngraded
    BairdOutperformUpgraded
    JP MorganNeutralMaintained
    Maxim GroupBuyUpgraded
    JefferiesBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    JefferiesBuyMaintained
    CitigroupBuyMaintained
    BarclaysOverweightUpgraded
    Cowen & Co.OutperformUpgraded
    Bank of AmericaUnderperformDowngraded
    BairdNeutralDowngraded
    Brean CapitalBuyMaintained
    BTIG ResearchBuyInitiated
    Pacific CrestSector WeightDowngraded
    Cowen & Co.Market PerformInitiated
    Summit Research PartnersBuyInitiated
    CitigroupBuyMaintained
    Brean CapitalBuyMaintained
    CitigroupBuyInitiated
    JefferiesBuyMaintained
    JefferiesBuyMaintained
    Deutsche BankBuyMaintained
    MizuhoNeutralInitiated
    BMO CapitalMarket PerformInitiated
    JefferiesBuyMaintained
    Deutsche BankBuyMaintained
    BarclaysEqual-WeightInitiated
    Sterne Agee CRTBuyInitiated
    Wells FargoOutperformInitiated
    SusquehannaPositiveMaintained
    KeyBancOverweightMaintained
    CLSAOutperformUpgraded
    Morgan StanleyEqual-WeightDowngraded
    JP MorganNeutralMaintained
    Craig-HallumBuyUpgraded
    Deutsche BankBuyMaintained
    JP MorganNeutralDowngraded
    Goldman SachsBuyUpgraded
    BenchmarkBuyInitiated
    Stifel NicolausBuyMaintained
    Pacific CrestOverweightMaintained
    Deutsche BankBuyMaintained
    Maxim GroupBuyInitiated
    Bank of AmericaBuyUpgraded
    SusquehannaPositiveMaintained
    JefferiesBuyMaintained
    Craig-HallumHoldDowngraded
    Longbow ResearchBuyUpgraded
    JefferiesBuyMaintained
    Deutsche BankBuyMaintained
    Longbow ResearchNeutralDowngraded
    CitigroupBuyMaintained
    JefferiesBuyMaintained
    Pacific CrestOutperformMaintained
    JP MorganOverweightMaintained
    CitigroupBuyMaintained
    JefferiesBuyInitiated
    JP MorganOverweightMaintained
    CitigroupBuyMaintained
    BarclaysOverweightMaintained
    BairdOutperformUpgraded
    Deutsche BankBuyMaintained
    Rhino TradingBuyInitiated
    BarclaysOverweightUpgraded
    Morgan StanleyOverweightMaintained
    JP MorganOverweightMaintained
    S&P Capital IQSellDowngraded
    Craig-HallumBuyUpgraded
    BMO CapitalOutperformUpgraded
    Bank of AmericaBuyUpgraded
    Pacific CrestOutperformUpgraded
    Deutsche BankBuyMaintained
    Longbow ResearchMaintained
    Stifel NicolausBuyMaintained
    JP MorganOverweightUpgraded
    CitigroupBuyUpgraded
    Morgan StanleyOverweightUpgraded
    FBN SecuritiesSector PerformDowngraded
    Craig-HallumHoldUpgraded
    Deutsche BankBuyMaintained
    Craig-HallumSellDowngraded
    CitigroupNeutralUpgraded
    PiperJaffrayOverweightInitiated
    Longbow ResearchBuyUpgraded
    Stifel NicolausBuyMaintained
    Craig-HallumHoldDowngraded
    RBC CapitalOutperformInitiated
    RBC CapitalOutperformInitiated
    Longbow ResearchNeutralInitiated
    Stifel NicolausBuyMaintained
    FBN SecuritiesSector PerformMaintained
    Deutsche BankBuyMaintained
    BMO CapitalMarket PerformMaintained
    Standpoint ResearchHoldDowngraded
    Pacific CrestSector PerformInitiated
    Craig-HallumBuyUpgraded
    JP MorganNeutralMaintained
    FBN SecuritiesSector PerformMaintained
    Deutsche BankBuyMaintained
    CLSAUnderperformDowngraded
    BarclaysEqual-WeightMaintained
    CitigroupSellDowngraded
    Standpoint ResearchBuyUpgraded
    FBN SecuritiesSector PerformDowngraded
    Deutsche BankBuyMaintained
    BarclaysEqual-WeightMaintained
    LazardBuyInitiated
    CitigroupBuyMaintained
    BarclaysEqual-WeightMaintained
    Deutsche BankBuyMaintained
    BarclaysEqual-WeightMaintained
    FBN SecuritiesOutperformMaintained
    FBN SecuritiesOutperformMaintained
    Bank ofericaNeutralDowngraded
    Brean CapitalBuyMaintained
    FBN SecuritiesOutperformMaintained
    FBN SecuritiesOutperformMaintained
    CitigroupBuyMaintained

    Western Digital Corp. (WDC) Stock Earning Per Share (EPS) Forecast / Estimate


    $1.015
    The average consensus EPS for WDC is $1.015 with a high estimate of $1.533 and Low of $0.696 for the period 2021-06-30 and based on 29 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.65$0.55377292020-09-30


    The latest average Earning Per Share Estimate for Western Digital Corp. is $1.01, which is higher than WDC's last EPS, $0.65. This means that Analysts are expecting Western Digital Corp. to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of Western Digital Corp..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.65$0.55377292020-09-30
    $1.23$1.22824082020-06-30
    $0.85$0.93608822020-03-31
    $0.62$0.58310332019-12-31
    $0.34$0.300899200000000032019-09-30
    $0.17$0.16995272019-06-30
    $0.17$0.46800372019-03-31
    $1.45$1.52643322018-12-31
    $3.04$3.06862242018-09-30
    $3.61$3.52233462018-06-30
    $3.63$3.3347172018-03-31
    $3.95$3.82549622017-12-31
    $3.56$3.32772782017-09-30
    $2.93$2.84198852017-06-30
    $2.39$2.15984462017-03-31
    $2.3$2.14122016-12-31
    $1.18$1.05311689999999982016-09-30
    $0.79$0.71593852016-06-30
    $1.21$1.28991142016-03-31
    $1.6$1.55656152015-12-31
    $1.56$1.57349919999999992015-09-30
    $1.51$1.45199622015-06-30
    $1.87$1.91103112015-03-31
    $2.26$2.12388860000000032014-12-31
    $2.1$2.04938092014-09-30
    $1.85$1.75277422014-06-30
    $1.94$1.89967870000000022014-03-31
    $2.19$2.0994872013-12-31
    $2.12$2.07269172013-09-30
    $1.96$1.82351462013-06-30
    $2.1$1.78772013-03-31
    $2.09$1.83822012-12-31
    $2.36$2.3123952012-09-30
    $3.35$2.49722500000000032012-06-30
    $2.52$1.6084252012-03-31
    $1.51$0.7186152011-12-31
    $1.1$0.96479242011-09-30
    $0.81$0.67714440000000012011-06-30
    $0.66$0.668622011-03-31
    $0.96$0.5933752010-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).