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How Analysts View Western Digital in June 2017

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Dec. 4 2020, Updated 10:52 a.m. ET

Stock trends

Western Digital (WDC) has generated returns of 89% in the trailing 12-month period and almost 30% since the start of 2017 after increasing 17.5% in 2016. In the last five trading days, WDC stock has fallen more than 4%. In the trailing one-month period, WDC stock has fallen almost 2%.

Western Digital is currently trading 109% above its 52-week low of $41.64 and 5.6% below its 52-week high of $92.50. In comparison, its peers IBM (IBM), NetApp (NTAP), and Seagate (STX) have seen returns of 2.4%, 55.0%, and 83%, respectively, in the trailing 12-month period.

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Moving averages

On June 15, 2017, Western Digital (WDC) closed the trading day at $87.31. Based on that figure, here’s how the stock fared in terms of its moving averages:

  • 5.8% above its 100-day moving average of $82.54
  • 0.22% below its 50-day moving average of $87.50
  • 1.9% below its 20-day moving average of $89.02

RSI and MACD

Western Digital’s 14-day MACD (moving average convergence divergence) is 0.65. A positive figure indicates an upward trading trend. MACD is the difference between a stock’s long-term and short-term moving averages.

WDC’s relative strength index (or RSI) is 45, indicating that the stock is somewhat oversold. If an RSI is above 70, it indicates that a stock has been overbought. An RSI below 30 suggests that a stock has been oversold.

Analyst recommendations

Of the 32 analysts that cover Western Digital (WDC) stock, 25 recommend a “buy,” and seven recommend a “hold.” There are no “sell” recommendations. 

The analysts’ average 12-month price target on the stock is $111.77 with a median price target of $115.00. WDC is trading at a 32% discount to median target estimates.

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