Western Digital Upgraded to Outperform, Stock Surges
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 10 2025
0mins
Should l Buy WDC?
Western Digital Corp (WDC) saw its stock price increase by 8.50% in pre-market trading, reaching a 52-week high. This surge follows an upgrade from Bernstein, which raised its rating from Market Perform to Outperform, indicating that the recent pullback in stock price presented an attractive entry point for investors. The upgrade reflects a positive outlook on WDC's future performance, particularly in the context of strong demand in the hard disk drive (HDD) market, which is expected to continue benefiting from ongoing technological advancements and market dynamics.
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Analyst Views on WDC
Wall Street analysts forecast WDC stock price to fall
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 361.690
Low
135.00
Averages
189.74
High
250.00
Current: 361.690
Low
135.00
Averages
189.74
High
250.00
About WDC
Western Digital Corporation is a developer, manufacturer and provider of data storage devices and solutions on hard disk drives (HDD) technologies. The Company manufactures, markets, and sells data storage devices and solutions through its sales personnel, dealers, distributors, retailers, and subsidiaries. Its portfolio of technology and products addresses end markets: Cloud, Client, and Consumer. Cloud is comprised primarily of products for public or private cloud environments and enterprise customers. Through the Client end market, the Company provides its original equipment manufacturer (OEM) and channel customers with a broad array of high-performance HDD solutions across desktops and notebooks. The Consumer end market offers a range of retail and other end-user products. Its product portfolio includes Internal HDD, Data Center Drives, Data Center Platforms, External Drives, Portable Drives, network-attached storage (NAS) for Home and Office, and Accessories.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Transport Bottlenecks: Approximately 200 specialized cryogenic shipping containers, valued at about $1 million each, are stranded in Qatar or in transit, and even if traffic through the Strait of Hormuz resumes, these containers will need to be repositioned and refilled before Asian chip foundries can receive new supplies.
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- Oil Price Plunge: WTI crude oil prices fell over 13% to a five-week low after the Strait of Hormuz reopened, easing inflation concerns and causing the 10-year Treasury yield to drop by 8 basis points, further supporting the bond market.
- Earnings Growth Expectations: Q1 earnings for the S&P 500 are projected to increase by 12% year-over-year, although excluding the tech sector, growth is only 3%, indicating resilience in corporate performance amid economic recovery and providing market support.
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