Research Analysts’ Recent Ratings Changes for Western Digital (WDC)

Posted by James Quigley on Mar 11th, 2025

Several brokerages have updated their recommendations and price targets on shares of Western Digital (NASDAQ: WDC) in the last few weeks:

3/7/2025 – Western Digital had its price target lowered by analysts at Cantor Fitzgerald from $95.00 to $65.00. They now have an “overweight” rating on the stock.
2/26/2025 – Western Digital is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
2/25/2025 – Western Digital had its price target lowered by analysts at Wells Fargo & Company from $85.00 to $75.00. They now have an “overweight” rating on the stock.
2/25/2025 – Western Digital had its price target raised by analysts at Citigroup Inc. from $60.45 to $64.00. They now have a “buy” rating on the stock.
2/18/2025 – Western Digital had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $95.00 price target on the stock.
2/18/2025 – Western Digital is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
2/12/2025 – Western Digital had its price target raised by analysts at UBS Group AG from $70.00 to $74.00. They now have a “neutral” rating on the stock.
2/10/2025 – Western Digital had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $95.00 price target on the stock.
2/10/2025 – Western Digital had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $95.00 price target on the stock.
1/31/2025 – Western Digital had its price target raised by analysts at The Goldman Sachs Group, Inc. from $70.00 to $80.00. They now have a “neutral” rating on the stock.
1/30/2025 – Western Digital had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $95.00 price target on the stock.
1/30/2025 – Western Digital had its price target lowered by analysts at Robert W. Baird from $100.00 to $80.00. They now have an “outperform” rating on the stock.
1/30/2025 – Western Digital had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $95.00 price target on the stock.
1/30/2025 – Western Digital had its price target lowered by analysts at UBS Group AG from $78.00 to $70.00. They now have a “neutral” rating on the stock.
1/30/2025 – Western Digital had its price target lowered by analysts at Susquehanna from $83.00 to $72.00. They now have a “neutral” rating on the stock.
1/30/2025 – Western Digital had its price target lowered by analysts at Citigroup Inc. from $82.00 to $80.00. They now have a “buy” rating on the stock.
1/29/2025 – Western Digital had its price target lowered by analysts at Rosenblatt Securities from $115.00 to $95.00. They now have a “buy” rating on the stock.
1/17/2025 – Western Digital had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $95.00 price target on the stock.
1/17/2025 – Western Digital had its price target lowered by analysts at Barclays PLC from $90.00 to $80.00. They now have an “overweight” rating on the stock.
1/16/2025 – Western Digital had its price target lowered by analysts at Wells Fargo & Company from $95.00 to $85.00. They now have an “overweight” rating on the stock.
1/16/2025 – Western Digital had its price target lowered by analysts at Bank of America Co. from $89.00 to $80.00. They now have a “buy” rating on the stock.
1/10/2025 – Western Digital had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $81.00 to $70.00. They now have a “neutral” rating on the stock.

Western Digital Trading Up 0.6 %

Shares of WDC traded up $0.26 during trading hours on Tuesday, hitting $40.80. The company had a trading volume of 1,115,948 shares, compared to its average volume of 9,195,583. The firm has a market cap of $14.19 billion, a P/E ratio of 9.71 and a beta of 1.42. Western Digital Co. has a 52-week low of $39.42 and a 52-week high of $61.16. The stock’s 50 day moving average price is $61.27 and its 200 day moving average price is $64.37. The company has a quick ratio of 1.26, a current ratio of 1.99 and a debt-to-equity ratio of 0.60.

Western Digital (NASDAQ:WDC – Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The data storage provider reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.36). Western Digital had a net margin of 9.95% and a return on equity of 15.68%. On average, research analysts predict that Western Digital Co. will post 4.89 EPS for the current year.

Insider Activity at Western Digital

In related news, SVP Gene M. Zamiska sold 1,659 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $41.36, for a total transaction of $68,616.24. Following the transaction, the senior vice president now owns 43,776 shares in the company, valued at $1,810,575.36. The trade was a 3.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Western Digital

Hedge funds have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Western Digital in the fourth quarter valued at $9,663,000. Public Employees Retirement System of Ohio boosted its stake in shares of Western Digital by 1.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 151,296 shares of the data storage provider’s stock valued at $9,022,000 after purchasing an additional 2,053 shares in the last quarter. Elequin Capital LP bought a new position in Western Digital in the fourth quarter worth about $40,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Western Digital by 23.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,592,516 shares of the data storage provider’s stock valued at $273,852,000 after acquiring an additional 881,088 shares in the last quarter. Finally, Woodline Partners LP grew its holdings in shares of Western Digital by 158.6% during the 4th quarter. Woodline Partners LP now owns 100,610 shares of the data storage provider’s stock worth $5,999,000 after acquiring an additional 61,702 shares during the period. 92.51% of the stock is owned by hedge funds and other institutional investors.

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.