Wells Fargo Maintains Overweight on Western Digital, Raises Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Aaron Rakers has maintained an Overweight rating on Western Digital (NASDAQ:WDC) and increased the price target from $62 to $72.
January 26, 2024 | 2:22 pm
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Wells Fargo analyst Aaron Rakers reaffirmed an Overweight rating on Western Digital and raised the price target to $72, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a positive outlook on the company's future performance and can lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100