Mizuho Securities Sticks to Its Hold Rating for Western Digital (WDC)

By Ryan Adsit

Mizuho Securities analyst Vijay Rakesh maintained a Hold rating on Western Digital (WDCResearch Report) on June 28 and set a price target of $47. The company’s shares closed on Friday at $47.55.

According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 20.1% and a 61.9% success rate. Rakesh covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Intel Corporation, and Texas Instruments.

Currently, the analyst consensus on Western Digital is a Moderate Buy with an average price target of $55.03, implying a 15.7% upside from current levels. In a report issued on June 17, Susquehanna also reiterated a Hold rating on the stock with a $35 price target.

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Western Digital’s market cap is currently $13.93B and has a P/E ratio of 94.03. The company has a Price to Book ratio of 1.36.

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Western Digital Corp. engages in the manufacture, market, and sale of data storage devices and solutions. Its product portfolio includes hard disk drives, solid-state drives marketed under the HGST, WD and G-Technology brands.