50% off Premium Yearly

NASDAQ:WDC
He just bought it after watching it for a while. He also owns Micron which is making new highs today. WDC termindated a merger earlier this year, but they spun off Sandisk which has done well. Also, WDC had been and will restructure their debt. Good. With rates coming down, this sets up WDC to perform well in the future.
China is building out its own technology hardware industry. China was the biggest net importer relative to their needs and will now displace US market share. This is a trade that you buy when it is weak. Don't add fresh money. He would prefer TSM-N.
He owned Western Digital a few years ago. He still follows it, but finds there are other players, like Juniper or Cisco, who are better investments today.
He is somewhat positive on this. Taking the earnings into account with its balance sheet, it is positive. His model price is $144.66, a 71% upside. This is cyclical, so you do get a substantial discount from value. It looks like it wants to hold here. If it were to break here, the support level is $65.
A hardware company focusing on memory. Just completed a takeover of their competition Sandisk in May, so they are a sort of the “go to” company now. They have a great customer base including Alphabet, Apple, Walmart. As we use the Cloud more and more, this company is a great beneficiary. Dividend yield of 2.89%. (Analysts’ price target is $77.96.)
Western Digital is a American stock, trading under the symbol WDC (previously WDC-Q on Stockchase) on the NASDAQ (WDC). It is usually referred to as NASDAQ:WDC or WDC
In the last year, no analyst issued a Buy, Sell, or Hold rating on WDC (previously WDC-Q on Stockchase) on Stockchase. Read the latest expert commentary for Western Digital.
Western Digital was recommended as a Top Pick by Peter Hofstra on 2007-07-09. Read the latest stock experts ratings for Western Digital.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Western Digital.
Western Digital is followed by 10 investors on Stockchase and is a trending stock that is worth watching.
On 2026-06-22, Western Digital (WDC) stock closed at a price of $732.94.
Yes, shares have rallied 47% this year, but shares were also cut in half compared to 2021. Memory has been a difficult in the semis space. WDC isn't pure quality, and momentum is positive long-term.