BUZZ-Western Digital rises after Rosenblatt raises PT on strong demand

Reuters
Sep 29
BUZZ-<a href="https://laohu8.com/S/WDCVV">Western Digital</a> rises after Rosenblatt raises PT on strong demand

** Shares of data storage products maker Western Digital WDC.O rise nearly 4.5% to $111.7 premarket

** Brokerage Rosenblatt raises PT on WDC to $125 from $90, representing a 17% upside on stock's last close

** "We are lifting our Western Digital FY27 estimates based on a full backlog of orders, increasing average selling price per drive with increasing density per drive," brokerage says

** Company's build-to-order strategy is providing good visibility, improving margins and good supply chain management - brokerage

** 22 of 28 brokerages rate the stock "buy" or higher and six "hold"; median PT is $95 - data compiled by LSEG

** As of last close, shares have more than doubled YTD

(Reporting by Parth Chandna)

((Parth.Chandna@thomsonreuters.com;))

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