Western Digital (WDC): Tight Flash Market Is Here To Stay - Baird

September 7, 2016 6:31 AM EDT
Get Alerts WDC Hot Sheet
Price: $62.09 -1.99%

Rating Summary:
    25 Buy, 10 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 28 | Down: 20 | New: 17
Trade WDC Now!
Join SI Premium – FREE

Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.

Baird analyst, Tristan Gerra, reiterated his Outperform rating on shares of Western Digital Corp. (NASDAQ: WDC) on the belief that NAND flash tightness could extend into next year, and positively impact Western Digital's Sandisk business.

The analyst believes that the tight NAND flash market is being driven by the combination of a new secular NAND flash demand cycle (enterprise SSDs) while a major technology transition (3D NAND) will likely impact supply next year.

No change to $65 price target.

For an analyst ratings summary and ratings history on Western Digital Corp. click here. For more ratings news on Western Digital Corp. click here.

Shares of Western Digital Corp. closed at $47.55 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments

Related Entities

Robert W Baird

Add Your Comment