Wells Fargo thinks news that Kioxia has achieved listing approval for a planned IPO at a $4.84B valuation range “could be considered a derivative positive” for Western Digital (WDC). The firm, which sees this as supportive of its $95 valuation for Western Digital shares, maintains an Overweight rating on the stock.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-movingbreaking financial news Try Now>>
See the top stocks recommended by analysts >>
Read More on WDC:
- Elliott sold Marathon Petroleum during Q3, bought more Southwest
- Western Digital slips as Edgewater sees softer NAND/DRAM outlook in 2025
- MKS Instruments appoints Wissam Jabre to board of directors
- Judge blocks Tapestry-Capri deal, Centene reports Q3 beat: Morning Buzz
- Western Digital (NASDAQ:WDC) Stock Rises 10% as Cloud Computing Growth Accelerates
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
