Western Digital stock price target raised to $220 from $165 at Goldman Sachs
Goldman Sachs has raised its price target for Western Digital (NASDAQ: WDC) to $220 from $165, while maintaining a Neutral rating, following strong quarterly results and guidance that exceeded expectations. The stock is currently trading significantly above this new target and InvestingPro Fair Value estimates, suggesting potential overvaluation despite a substantial 462% gain over the past year. Analysts are optimistic about Western Digital's prospects due to continued pricing momentum, HDD shortages, and the accelerated qualification of HAMR technology.
https://www.investing.com/news/analyst-ratings/western-digital-stock-price-target-raised-to-220-from-165-at-goldman-sachs-93CH-4475436