Western Digital (WDC): Tight Flash Market Is Here To Stay - Baird
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium 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.
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
- UPDATE: Seaport Global Securities Starts Union Pacific (UNP) at Buy
- Wedbush Raises Price Target on Citizens Financial Group (CFG) Following 3Q EPS Beat
- Seaport Global Securities Upgrades Tutor Perini Corporation (TPC) to Buy
Create E-mail Alert Related CategoriesAnalyst Comments
Related EntitiesRobert W Baird
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!