Western Digital shares are trading higher after Rosenblatt upgraded the stock from Neutral to Buy and raised its price target from $65 to $115.
Portfolio Pulse from Benzinga Newsdesk
Western Digital's stock price increased following an upgrade from Rosenblatt, moving from Neutral to Buy, with a new price target set at $115, up from $65.
April 05, 2024 | 11:56 am
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POSITIVE IMPACT
Western Digital's stock received a significant upgrade from Rosenblatt, moving from Neutral to Buy, with a substantial increase in the price target from $65 to $115.
The upgrade by Rosenblatt from Neutral to Buy, coupled with a significant increase in the price target, is a strong positive signal to the market. This kind of analyst action typically leads to increased investor confidence and can drive the stock price up in the short term. Given the substantial raise in the price target, it indicates a strong belief in the company's future performance and growth potential, which can attract more investors to the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100