Western Digital Reports Q3 2024/2025 Earnings
Western Digital Corporation has announced its financial results for the third quarter of 2024/2025. Key highlights include:
- Revenue growth: The company reported significant revenue growth during the quarter.
- Stock price: Western Digital’s stock price has increased, with some analysts revising their target prices.
Analyst Price Target Adjustments
Several investment firms have made adjustments to their price targets for Western Digital’s stock:
- Morgan Stanley: Raised price target
- TD Cowen: Raised price target
- Wells Fargo: Adjusted price target
- JPMorgan: Adjusted price target
Dividend Announcement
Western Digital has initiated a quarterly dividend for its shareholders.
Key Driver of Performance
The company’s strong performance is attributed to high demand for cloud storage.