Wdc forecast

**Western Digital Corporation (WDC) exhibits robust financial performance and a positive market outlook.** Here's a detailed analysis: 1. **Strong Financial Performance**: - WDC reported a Net Income of $135 million, with a Diluted EPS of $0.34, for the quarter ending September 30, 2024. - The Net Income year-on-year growth rate stands at 123.64%, and the Total Revenue year-on-year growth rate is 23.33%. - Diluted EPS quarter-over-quarter growth rate is 136.56%, indicating significant earnings growth. |Ticker|Name|Total Revenue|Net Income|Diluted EPS|Date|code|market_code| |---|---|---|---|---|---|---|---| |WDC.O|Western Digital|3.457E9|1.35E8|0.34|2024 Q3|WDC|185| |Ticker|Name|Net Income year-on-year growth rate|Total Revenue year-on-year growth rate|Diluted EPS QoQ growth rate|Date|code|market_code| |---|---|---|---|---|---|---|---| |WDC.O|Western Digital|123.64273204903678|23.332144131287905|136.55913978494624|20240930|WDC|185| 2. **Analyst Ratings and Price Targets**: - The consensus rating for WDC is a "Strong Buy" with an average price target of $88.93. - Analysts have set a higher average price target of $91.40, with a 15.96% upside potential from the last price of $78.82. 3. **Technical Indicators**: - The stock's 5-Day Moving Average is $62.88, and the 20-Day Moving Average is $71.44, with a 10-Day Moving Average of $66.72. - The support level is at $56.43, and the resistance level is at $57.81. |Ticker|Name|5-Day Moving Average|20-Day Moving Average|10-Day Moving Average|Date|code|market_code| |---|---|---|---|---|---|---|---| |WDC.O|Western Digital|62.8840|71.4355|66.7200|20240802|WDC|185| 4. **Market Sentiment and Forecasts**: - The forecast for WDC suggests an upside potential of 15.96% to $91.40, with a range of estimates from $79.00 to $115.00. - A long-term forecast for 2025 projects a price target of $116.37818216442 USD. |Ticker|Name|Average Price Target|Date|code|market_code| |---|---|---|---|---|---| |WDC.O|Western Digital|44.45454545454545|20231229|WDC|185| |WDC.O|Western Digital|44.45454545454545|20231230|WDC|185| |WDC.O|Western Digital|44.45454545454545|20231231|WDC|185| |WDC.O|Western Digital|44.45454545454545|20240101|WDC|185| |WDC.O|Western Digital|44.45454545454545|20240102|WDC|185| |WDC.O|Western Digital|44.45454545454545|20240103|WDC|185| |WDC.O|Western Digital|44.45454545454545|20240104|WDC|185| |WDC.O|Western Digital|44.45454545454545|20240105|WDC|185| |WDC.O|Western Digital|44.45454545454545|20240106|WDC|185| |WDC.O|Western Digital|44.45454545454545|20240107|WDC|185| 5. **Institutional and Insider Activity**: - Institutional investors hold 92.51% of the stock, with recent purchases by Advisors Asset Management Inc. and other firms. - Insider sales have been reported, but the overall position remains strong. 6. **Market Position and Growth Prospects**: - WDC's strategic focus on data storage solutions and its market positioning make it attractive for growth. - The company's financial health and market trends support a positive outlook. In conclusion, WDC's strong financial performance, positive analyst ratings, and favorable technical indicators suggest a bullish outlook for the stock. Investors should consider these factors when evaluating WDC's potential for future growth.