Raymond James Maintains Outperform on Western Digital, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Srini Pajjuri has reaffirmed an Outperform rating on Western Digital (NASDAQ:WDC) and increased the price target from $60 to $65.
January 26, 2024 | 1:07 pm
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Western Digital's Outperform rating is maintained by Raymond James, with a raised price target from $60 to $65, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Srini Pajjuri from Raymond James typically signals a bullish outlook on the stock, suggesting that the analyst sees potential for the stock to rise to the new target price. This can often lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100