Western Digital's shares have increased more than 2% following price target hikes from Bank of America and Wedbush, amid expectations of strong Q4 earnings. Analysts predict adjusted earnings of $3.25 per share and revenues of $3.65 billion, building on the company's record of consistently surpassing revenue estimates in prior quarters. Despite a nearly 5% dip in after-hours trading after reporting a solid Q3 revenue of $3.34 billion, Western Digital's performance reflects a significant year-to-date gain of around 140%, fueled by advancements in AI storage technology and firm contracts with key clients.
“Western Digital Stock (WDC) Scores Price Target Hikes from BofA, Wedbush Ahead of Q3 Earnings”
“Western Digital Stock (WDC) Scores Price Target Hikes from BofA, Wedbush Ahead of Q3 Earnings.”
“Western Digital Stock (WDC) Scores Price Target Hikes from BofA, Wedbush Ahead of Q3 Earnings”
“Western Digital · rose · stock price · more than 2%”
“Bank of America · hiked · price targets · on Seagate Technology and Western Digital”
“New long-term contracts · are boosting · Seagate Technology and Western Digital”
“WDC · is slated for release · after Thursday's close · true”
“Western Digital · rose · more than 2% · 2%”
“Western Digital · fourth-quarter adjusted earnings estimate · expected · $3.25”
“Western Digital · fourth-quarter revenue estimate · expected · $3.65 billion”
“Western Digital (WDC) · has turned into · a high-beta AI storage trade · up almost 900% in the past year”
“Western Digital (WDC) · is · the intersection of the data center buildout”
