Mizuho Maintains Buy Rating for Western Digital: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Mizuho has reaffirmed its Buy rating on Western Digital (NASDAQ:WDC) and increased its price target from $52.00 to $55.00. Western Digital's shares have risen 1.69% in the last 24 hours to $47.56. The new price target suggests a potential upside of 15.64% from the current price. Western Digital is a major player in data storage solutions and forms a duopoly with Seagate in the HDD market, and is a leading producer of NAND flash chips for SSDs through a joint venture with Kioxia.
December 06, 2023 | 5:00 pm
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Mizuho maintains a Buy rating on Western Digital and raises the price target to $55, suggesting a 15.64% upside from the current price. The stock has recently seen a 1.69% increase.
The reaffirmation of a Buy rating and an increase in the price target by a reputable financial institution like Mizuho can be seen as a strong positive signal to the market, often leading to increased investor confidence and potential stock price appreciation in the short term. The recent uptick in share price further supports the positive sentiment around Western Digital.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100