Wall Street Thinks Western Digital Stock Price Will Soar Higher This Year

Bernstein upgraded Western Digital to Outperform from Market Perform and doubled its price target to $340 (from $170). The 100% increase in the target is a materially bullish analyst signal that could drive multi-percent upside in the stock and shift investor sentiment toward the name.

Analysis

Bernstein upgraded Western Digital to Outperform from Market Perform and doubled its price target to $340 (from $170). The 100% increase in the target is a materially bullish analyst signal that could drive multi-percent upside in the stock and shift investor sentiment toward the name.