Goldman Sachs Maintains Neutral on Western Digital, Raises Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Toshiya Hari has maintained a Neutral rating on Western Digital (NASDAQ:WDC) and increased the price target from $48 to $58.
January 29, 2024 | 3:35 pm
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Goldman Sachs has raised the price target for Western Digital from $48 to $58 while maintaining a Neutral rating.
The increase in price target by Goldman Sachs suggests a positive outlook on Western Digital's valuation, which could lead to investor optimism and a potential short-term increase in the stock price. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at the current levels, which tempers the potential impact.
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IMPORTANCE 75
RELEVANCE 100