Western Digital Stock Target Price and Analyst Consensus
| WDC Stock | USD 69.55 0.37 0.53% |
The current analyst and expert consensus on Western Digital is Strong Buy with 7 hold recommendations. The current projected Western Digital target price consensus is 47.84 with 26 analyst opinions. One of the most common ways Western Digital analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Western Digital vendors, executives, and/or customers. Western Digital recommendation module provides expert sentiment on the projected Western Digital target price to derive its highest and lowest estimates based on target price standard deviation of 0.0. Check out Macroaxis Advice on Western Digital to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. For information on how to trade Western Stock refer to our How to Trade Western Stock guide.
Lowest Forecast 43.53 | Highest Forecast 53.1 | Target Price 47.84 |
Western |
It's important to approach Western Digital's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize Western Digital price targets
Western Digital's stock target price is an estimate of its future price, usually made by analysts. Using Western Digital's target price to determine if it is a suitable investment can be done through the following steps:- Look at Western Digital's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Western Digital's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional Western Digital Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Western Digital is a key component of Western Digital valuation and have some predictive power on the future returns of a Western Digital.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Western Digital's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Trending Themes
If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment. | Impulse Invested over 100 shares | |
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Check out Macroaxis Advice on Western Digital to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. For information on how to trade Western Stock refer to our How to Trade Western Stock guide.Note that the Western Digital information on this page should be used as a complementary analysis to other Western Digital's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Western Stock analysis
When running Western Digital's price analysis, check to measure Western Digital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Western Digital is operating at the current time. Most of Western Digital's value examination focuses on studying past and present price action to predict the probability of Western Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Digital's price. Additionally, you may evaluate how the addition of Western Digital to your portfolios can decrease your overall portfolio volatility.
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The data published in Western Digital's official financial statements usually reflect Western Digital's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Western Digital. For example, before you start analyzing numbers published by Western accountants, it's critical to develop an understanding of what Western Digital's liquidity, profitability, and earnings quality are in the context of the Technology Hardware, Storage & Peripherals space in which it operates.
Please note, the presentation of Western Digital's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Western Digital's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Western Digital's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Western Digital. Please utilize our Beneish M Score to check the likelihood of Western Digital's management manipulating its earnings.