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NASDAQ: WDC
Western Digital Corp Stock Forecast, Predictions & Price Target

Analyst price target for WDC

Based on 12 analysts offering 12 month price targets for Western Digital Corp.
Min Forecast
$56.00-1.86%
Avg Forecast
$87.17+52.76%
Max Forecast
$124.00+117.32%

Should I buy or sell WDC stock?

Based on 14 analysts offering ratings for Western Digital Corp.
Strong Buy
Strong Buy
10 analysts 71.43%
Buy
2 analysts 14.29%
Hold
2 analysts 14.29%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

WDC stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Mizuho
Top 1%
100
Strong BuyUpgrades$75.00+31.44%2021-11-23Find out why
Wells Fargo
Top 3%
98
Strong BuyMaintains$80.00+40.20%2021-10-29
Rosenblatt
Top 2%
99
HoldMaintains$56.00-1.86%2021-10-29
Goldman Sachs
Top 21%
80
HoldDowngradesN/AN/A2021-10-15
Stifel Nicolaus
Top 4%
97
Strong BuyMaintains$110.00+92.78%2021-06-14
Anonymous
Susquehanna
Strong BuyMaintains$155.00+171.64%2021-06-11
Benchmark
Top 39%
62
Strong BuyMaintains$92.00+61.23%2021-05-27
Bank of America
Top 7%
94
Strong BuyMaintains$90.00+57.73%2021-05-20
Loop Capital
Top 30%
71
Strong BuyMaintains$90.00+57.73%2021-04-30
Citigroup
Bottom 27%
27
Strong BuyMaintains$90.00+57.73%2021-04-30

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Forecast return on equity

Is WDC forecast to generate an efficient return?
Company
N/A
Industry
37.81%
Market
37.06%

Forecast return on assets

Is WDC forecast to generate an efficient return on assets?
Company
N/A
Industry
4.56%

WDC earnings per share forecast

What is WDC's earnings per share in the next 2 years based on estimates from 4 analysts?
Avg 1 year Forecast
$9.73+100.62%
Avg 2 year Forecast
$12.74+162.68%

WDC revenue forecast

What is WDC's revenue in the next 3 years based on estimates from 5 analysts?
Avg 1 year Forecast
$19.6B+8.49%
Avg 2 year Forecast
$20.6B+14.29%
Avg 3 year Forecast
$22.2B+22.93%
WDC's revenue is forecast to grow at a rate of 6.8% per year, which is not exceptional
Forecast

WDC revenue growth forecast

How is WDC forecast to perform vs Computer Hardware companies and vs the US market?
Company
6.8%
Industry
6.56%
Market
10.03%
WDC's revenues are forecast to grow faster (6.8% per year) than the US Computer Hardware industry average (6.56%)
Forecast
WDC's revenues are forecast to grow slower (6.8% per year) than the US market average (10.03%)
Forecast

Western Digital Corp Stock Forecast FAQ

Is Western Digital Corp Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 14 Wall Street analysts covering (NASDAQ: WDC) stock is to Strong Buy WDC stock.

Out of 14 analysts, 10 (71.43%) are recommending WDC as a Strong Buy, 2 (14.29%) are recommending WDC as a Buy, 2 (14.29%) are recommending WDC as a Hold, 0 (0%) are recommending WDC as a Sell, and 0 (0%) are recommending WDC as a Strong Sell.

What is WDC's earnings growth forecast for 2022-2023?

(NASDAQ: WDC) Western Digital Corp's forecast annual earnings growth rate of N/A is not forecast to beat the US Computer Hardware industry's average forecast earnings growth rate of 12.77%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 14.37%.

Western Digital Corp's earnings in 2021 is $1,491,000,000.On average, 4 Wall Street analysts forecast WDC's earnings for 2022 to be $3,032,091,021, with the lowest WDC earnings forecast at $2,801,490,060, and the highest WDC earnings forecast at $3,377,992,464.

In 2023, WDC is forecast to generate $3,970,076,014 in earnings, with the lowest earnings forecast at $3,970,076,014 and the highest earnings forecast at $3,970,076,014.

What is WDC's revenue growth forecast for 2022-2024?

(NASDAQ: WDC) Western Digital Corp's forecast annual revenue growth rate of 6.8% is forecast to beat the US Computer Hardware industry's average forecast revenue growth rate of 6.56%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.03%.

Western Digital Corp's revenue in 2021 is $18,051,000,000.On average, 5 Wall Street analysts forecast WDC's revenue for 2022 to be $6,102,609,511,540, with the lowest WDC revenue forecast at $6,021,100,173,832, and the highest WDC revenue forecast at $6,216,877,273,950. On average, 3 Wall Street analysts forecast WDC's revenue for 2023 to be $6,428,929,192,740, with the lowest WDC revenue forecast at $6,264,243,957,942, and the highest WDC revenue forecast at $6,544,012,783,957.

In 2024, WDC is forecast to generate $6,914,987,406,491 in revenue, with the lowest revenue forecast at $6,914,987,406,491 and the highest revenue forecast at $6,914,987,406,491.

What is WDC's forecast return on assets (ROA) for 2022-2024?

(NASDAQ: WDC) forecast ROA is N/A, which is lower than the forecast US Computer Hardware industry average of 4.56%.

What is WDC's Price Target?

According to 12 Wall Street analysts that have issued a 1 year WDC price target, the average WDC price target is $87.17, with the highest WDC stock price forecast at $124.00 and the lowest WDC stock price forecast at $56.00.

On average, Wall Street analysts predict that Western Digital Corp's share price could stay at $87.17 by Nov 23, 2022. The average Western Digital Corp stock price prediction forecasts a potential downside of N/A from the current WDC share price of $57.06.

What is WDC's Earnings Per Share (EPS) forecast for 2022-2023?

(NASDAQ: WDC) Western Digital Corp's current Earnings Per Share (EPS) is $4.85. On average, analysts forecast that WDC's EPS will be $9.73 for 2022, with the lowest EPS forecast at $8.99, and the highest EPS forecast at $10.84. In 2023, WDC's EPS is forecast to hit $12.74 (min: $12.74, max: $12.74).

What is WDC's forecast return on equity (ROE) for 2022-2024?

(NASDAQ: WDC) forecast ROE is N/A, which is considered weak.
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