Western Digital Likely To Report Q1 Loss; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Western Digital Corporation (NASDAQ:WDC) is expected to report a Q1 loss of $1.91 per share, compared to earnings of 20 cents per share in the same period last year. The company's revenue is projected to be $2.65 billion, down from $3.59 billion a year ago. Western Digital recently ended merger talks with Kioxia due to lack of approval from some Kioxia shareholders. The company's shares closed at $38.97 on Friday, up 1.9%. Several analysts have provided their ratings and price targets for the company.
October 30, 2023 | 6:54 am
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Western Digital is expected to report a Q1 loss and a decrease in revenue. The company's shares are up, and analysts have provided various ratings and price targets.
The expected Q1 loss and decrease in revenue could negatively impact Western Digital's stock price. However, the recent increase in the company's shares and the various analyst ratings and price targets could influence the stock's movement in different ways.
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