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

September 7, 2016 6:31 AM EDT
Get Alerts WDC Hot Sheet
Price: $53.52 +0.85%

Rating Summary:
    25 Buy, 9 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 26 | Down: 29 | New: 38
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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.

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