On October 31, 2023, Kevin Cassidy, an analyst at Rosenblatt, has decided to stick with his Neutral rating on Western Digital (NASDAQ:WDC) while increasing the price target from $38 to $42. This upward revision in the price target indicates a potential upside of 15.46%. Despite this, it is worth noting that Western Digital has received an average rating of Outperform from other analysts, with price targets ranging from $31 to $65, as per Capital IQ’s survey. It is interesting to observe that Rosenblatt Securities has consistently maintained a Neutral rating on Western Digital in the past.
In a research note released on October 13, 2023, Raymond James, another reputable firm, raised their price target on Western Digital from $42.00 to $46.00 and bestowed the stock with an “outperform” rating.