2024 promising year for Western Digital, supported by strong finances and Goldman Sachs price target increase.
Western Digital Corporation (WDC) is highlighted as a promising stock for 2024, supported by strong fiscal performance and record gross margins in its HDD division. Goldman Sachs raised its price target from $72 to $81 while maintaining a Neutral rating. The company is poised for growth in its Data Center segment, despite slower demand in consumer markets. As of Q2, 80 hedge funds had significant stakes in WDC, totaling nearly $4.06 billion.
October 27, 2024
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