Exane BNP Paribas Upgrades Western Digital Corp. (WDC) to Outperform, 'Get Ready To Ride The Upcycle'
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This stock is ready to ride the NAND upcycle, analysts say
September 20, 2023 9:08 AM EDTWestern Digital Corp. (NASDAQ: WDC) was upgraded from Neutral to Outperform by research firm Exane BNP Paribas. The bank also issued a $58 price target on the stock, suggesting upside of 32% from yesterdays closing price of $43.92.
Analysts said they think the current NAND cycle and nearline HDD demand troughed in the second quarter of 2023.
Discussing his views... More
Mizuho's Klien says buy Western Digital (WDC) 'aggressively'
September 20, 2023 7:49 AM EDTMizuho Research desk analyst Jordan Klein was out pounding the table on Western Digital (NASDAQ: WDC) today, calling it his favorite new long idea that he would look to add "aggressively."
The analyst commented, "Looking Like Best Long in Semis Near Term; Set-Up Feeling Much Better the under-owned NAND and HDD supplier to me feels like a great LONG SET-UP near term given very few own or like and aggressive NAND... More
