Based on the provided data and recent market activity, here's a concise analysis of WDC stock:
Technical Analysis
The stock is showing positive momentum with RSI-14 at 58.72, indicating a neutral to slightly bullish sentiment. The MACD (0.81) and MACD histogram (0.38) are both positive, suggesting upward momentum. The stock is trading above its key moving averages (SMA 5, 10, 20, 60), indicating strong short-term bullish trend.
Recent Price Action
- Latest Close: $68.39 (+1.23%)
- Post-market: +0.42%
- Current Trading Price: $68.68
- Trading above the Fibonacci pivot point of $66.77
Fundamental Strength
The stock appears reasonably valued with:
- Forward P/E: 9.15x
- EV/EBITDA: 4.80x
- P/B: 1.12x
- P/S: 0.73x
Business Segments Distribution
- Cloud: 42.66% ($8.02B)
- Client: 37.65% ($7.08B)
- Consumer: 19.69% ($3.70B)
Analyst Consensus
According to recent analyst coverage:
- Strong Buy consensus from 15 analysts
- 6 Hold ratings
- Mean price target: $83 (30.1% upside potential)
- Street-high target: $100 (56.7% upside)
Buy Recommendation
WDC appears to be a strong buy at current levels based on:
- Strong technical momentum above key moving averages
- Attractive valuation metrics compared to peers
- Bullish analyst consensus with significant upside potential
- Diversified revenue streams with strong cloud segment contribution