Citigroup Maintains Buy on Western Digital, Raises Price Target to $95
$WDC
Electronic Components
Technology
Citigroup analyst Asiya Merchant maintains Western Digital (NASDAQ:WDC) with a Buy and raises the price target from $90 to $95.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/1/2025 | $57.00 | Overweight | Analyst |
| 5/1/2025 | $80.00 → $58.00 | Buy | TD Cowen |
| 4/30/2025 | Hold → Buy | Summit Insights | |
| 4/16/2025 | $46.00 | Overweight | Morgan Stanley |
| 4/10/2025 | $55.00 | Hold → Buy | The Benchmark Company |
| 12/19/2024 | Buy → Hold | The Benchmark Company | |
| 9/13/2024 | $95.00 → $80.00 | Buy | TD Cowen |
| 8/1/2024 | Buy → Hold | Summit Insights |
Western Digital (NASDAQ:WDC) announced today that it has hired Kris Sennesael as Chief Financial Officer (CFO) effective May 12, 2025. With more than 25 years of experience in finance and general management across the semiconductor and technology industries, Sennesael most recently served as CFO at Skyworks Solutions. "I am excited for Kris to join Western Digital. His tenure of being a hands-on leader and experience across all global markets will further strengthen our position moving forward," said Irving Tan, Western Digital's Chief Executive Officer. "I'm looking forward to his expertise and leadership as we build the future of Western Digital together, balancing investment for innovat
NEW YORK, Feb. 19, 2025 /PRNewswire/ -- SanDisk Corp. (NASD: SNDK) will replace Leslie Inc. (NASD: LESL) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, February 25. S&P 500 constituent Western Digital Corp. (NASD: WDC) is spinning off SanDisk in a transaction expected to be completed on February 24. Western Digital will remain in the S&P 500 post spin-off. Leslie's market capitalization is no longer representative of the small cap market space. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector Feb 25, 2025 S&P SmallCap 600 Additi
Momentum Continues Across Broad Scope of Transaction Activities Company Appoints Key Executive Leaders for Flash and HDD Companies Western Digital Corp. (NASDAQ:WDC) ("Western Digital" or "the Company") today provided an update on its previously announced plan to separate into two independent, publicly traded companies. On track for the second half of calendar year 2024, significant progress towards the completion of the separation is underway with key transactional projects including global legal entity establishment, customer and supplier contract transfers, final stage preparation for government filings, and initial executive leadership appointments for both HDD and Flash companies p
From Expanded Open Composable Compatibility Lab Capabilities to New Storage Platforms and Broader SSD Qualifications, Western Digital is the Partner of Choice for Interoperability and Customer-centric Designs for Modern Datacenter Architectures Computex 2025 – Western Digital (NASDAQ:WDC) is redefining what's possible in storage infrastructure for AI/ML, disaggregated storage and software-defined storage (SDS) for CSPs, enterprises and STaaS providers. From massive-capacity, reliable JBODs (Just a Bunch of Disks) to ultra-fast EBOF (Ethernet Bunch of Flash) NVMe-oF™ disaggregated storage solutions for AI, the company's Platforms Business delivers world-class HDD- and SSD-based solutions th
(Computex 2025) – Western Digital (NASDAQ:WDC) and Ingrasys, a subsidiary of Foxconn Technology Group, the world's largest electronics manufacturer, today announced a strategic collaboration to deliver a new flagship Top-of-Rack (TOR) switch with embedded storage. This new TOR EBOF (Ethernet Bunch of Flash) will provide distributed storage at the network edge for lower latency storage access, reducing the need for separate storage networks and avoiding trips to centralized storage arrays. In this joint effort, Ingrasys will manufacture the high-density TOR EBOF, leveraging Western Digital's RapidFlex™ NVMe-oF™ bridge technology. Western Digital will collaborate with Ingrasys on the architec
Western Digital Corp. (NASDAQ:WDC) today announced that its Board of Directors has authorized a new $2.0 billion share repurchase program. The repurchase authorization is effective immediately. Share repurchases may be made on the open market or in privately negotiated transactions and may be made pursuant to a Rule 10b5-1 plan. "The share repurchase program underscores our strong confidence in Western Digital's future, the depth of our product portfolio, and the long-term value we see in our business," said Irving Tan, Chief Executive Officer of Western Digital. "At our Investor Day, we laid out the three pillars of our shareholder-friendly capital allocation strategy: reinvesting in the
From Expanded Open Composable Compatibility Lab Capabilities to New Storage Platforms and Broader SSD Qualifications, Western Digital is the Partner of Choice for Interoperability and Customer-centric Designs for Modern Datacenter Architectures Computex 2025 – Western Digital (NASDAQ:WDC) is redefining what's possible in storage infrastructure for AI/ML, disaggregated storage and software-defined storage (SDS) for CSPs, enterprises and STaaS providers. From massive-capacity, reliable JBODs (Just a Bunch of Disks) to ultra-fast EBOF (Ethernet Bunch of Flash) NVMe-oF™ disaggregated storage solutions for AI, the company's Platforms Business delivers world-class HDD- and SSD-based solutions th
(Computex 2025) – Western Digital (NASDAQ:WDC) and Ingrasys, a subsidiary of Foxconn Technology Group, the world's largest electronics manufacturer, today announced a strategic collaboration to deliver a new flagship Top-of-Rack (TOR) switch with embedded storage. This new TOR EBOF (Ethernet Bunch of Flash) will provide distributed storage at the network edge for lower latency storage access, reducing the need for separate storage networks and avoiding trips to centralized storage arrays. In this joint effort, Ingrasys will manufacture the high-density TOR EBOF, leveraging Western Digital's RapidFlex™ NVMe-oF™ bridge technology. Western Digital will collaborate with Ingrasys on the architec
Western Digital Corp. (NASDAQ:WDC) today announced that its Board of Directors has authorized a new $2.0 billion share repurchase program. The repurchase authorization is effective immediately. Share repurchases may be made on the open market or in privately negotiated transactions and may be made pursuant to a Rule 10b5-1 plan. "The share repurchase program underscores our strong confidence in Western Digital's future, the depth of our product portfolio, and the long-term value we see in our business," said Irving Tan, Chief Executive Officer of Western Digital. "At our Investor Day, we laid out the three pillars of our shareholder-friendly capital allocation strategy: reinvesting in the
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Analyst resumed coverage of Western Digital with a rating of Overweight and set a new price target of $57.00
TD Cowen reiterated coverage of Western Digital with a rating of Buy and set a new price target of $58.00 from $80.00 previously
Summit Insights upgraded Western Digital from Hold to Buy
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