Forecast Of The Day: Western Digital’s Data Center Solutions Revenue

by Trefis Team
+6.05%
Upside
57.06
Market
60.51
Trefis
WDC
Western Digital
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What?

Western Digital’s (NASDAQ: WDC) Data Center Solutions Revenue rose from around $5 billion in 2019 to about $6.2 billion in 2020. Trefis expects the metric to rise further to about $7.2 billion in 2021 and $8.2 billion in 2022.

Why?

Growth is being driven primarily by increasing demand for cloud-based storage.

So What?

We don’t think the projected growth is fully priced into WDC stock just yet. We value WDC at $79 per share, a premium of about 37% over the current market price.

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