Western Digital (WDC): Tight Flash Market Is Here To Stay - Baird
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your 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.
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
- Western Digital (WDC): Gross Margin Expansion On The Horizon - RBC
- Xilinx (XLNX) PT Raised to $55 at Deutsche Bank Ahead of 3Q Report
- Western Digital (WDC) Likely To Produce Q4 Results At High End Of Preannouncement Range - Cowen
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!