Western Digital Buy Call Based on Valuation Discount and Upgraded Price Target

about 2 months ago

Jess Menton

"Morgan Stanley ended up naming Western Digital (WDC) as its top pick, boosting its price target to $99 from a previous $92. They highlighted the 20% valuation discount compared to larger peers, suggesting that management improvements could unlock future gains."

Western Digital is being positioned as a buy due to its significant valuation discount and an upgraded price target from Morgan Stanley. The catalyst is an expected improvement in management and fundamentals, making it an actionable swing trade opportunity.

Related Stocks