Citigroup reiterates a “Buy” rating for Western Digital Corporation (NASDAQ:WDC), with a current stock price of $65.99.
The average brokerage recommendation (ABR) for WDC stands at 1.48, indicating a strong buy sentiment among analysts.
Despite a recent price drop of 5.59%, Western Digital’s market capitalization and positive analyst ratings suggest continued investor interest.

Western Digital Corporation (NASDAQ:WDC) is a prominent player in the data storage industry, known for its hard drives and solid-state drives. The company competes with other tech giants like Seagate Technology and Toshiba. On December 12, 2024, Citigroup reiterated its “Buy” rating for WDC, with the stock priced at $65.99. The action associated with this rating is “hold,” as highlighted by StreetInsider.

Wall Street analysts currently view Western Digital favorably, with an average brokerage recommendation (ABR) of 1.48. This rating, on a scale from 1 to 5, indicates a position between Strong Buy and Buy. Out of 21 brokerage firms, 16 have rated WDC as a Strong Buy, making up 76.2% of all recommendations. Such positive sentiment can influence investor decisions and impact the stock’s price.

Despite the positive ratings, WDC’s stock price has experienced a decrease of $3.91, a drop of approximately 5.59%, bringing it to $65.99. During the trading day, the stock fluctuated between a low of $65 and a high of $70.04. Over the past year, WDC has seen a high of $81.55 and a low of $48.96, reflecting its volatility.

Western Digital’s market capitalization is approximately $22.81 billion, indicating its significant presence in the tech industry. The trading volume for the day was 9,726,438 shares, suggesting active investor interest. Despite the recent price drop, the company’s strong market position and positive analyst ratings may continue to attract investors.