Mizuho analyst Vijay Rakesh slashed price targets on Micron Technology, Inc. to $95, from $113 (66 percent upside), and Western Digital Corp. to $68, from $72 (44 percent upside), and reiterated a Buy. He observed that memory industry update, sentiment, and pricing trends had softened considerably in the last month with weaker PC-handset trends, consumer demand concerns with DRAM softer…
This Analyst Believes Negative Sentiment, Macro Headwinds as an Opportunity to Step in for Micron Technology and Western Digital
Analysts Cut Western Digital Price Target Post Q2 Results
Analysts on Western Digital Corp. following Q2 FY22 results. Deutsche Bank analyst Sidney Ho lowered the price target to $70 from $81 (40 percent upside) and kept a Buy. The company’s guidance was once again below Street estimates, but it remains positioned for a second-half recovery. The analyst believes the stock’s risk/reward is attractive. Citi analyst Jim Suva reduced the…
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