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Bullish Case: Analyst upgrade, forecasted 10% estimate beat, influential NAND recovery, and supportive industry ecosystem for Western Digital align for upside.


Bearish Case: Patent litigation, headwinds in flash memory competition, and skepticism over management's narrative present potential downside risks.


Potential Outcomes: Evolving merger scenario with Kioxia; legal fits over patents with regulatory dichotomy; market stabilization; or NAND flash fortunes waxing or waning.


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April 04, 2024


Western Digital Forecast

WDC        Western Digital
Price Forecast: BULLISH    Price Action: TRENDING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with WDC



MMYT Forecast + Options Trading Strategies   [MMYT]  MakeMyTrip (0.98)


APO Forecast + Options Trading Strategies   [APO]  Apollo (0.97)


MOD Forecast + Options Trading Strategies   [MOD]  Modine Manufacturing (0.97)


NTNX Forecast + Options Trading Strategies   [NTNX]  Nutanix (0.97)


CLS Forecast + Options Trading Strategies   [CLS]  Celestica (0.97)



Uncorrelated Stock Forecasts

Assets with little price relationship to WDC



BG Forecast + Options Trading Strategies   [BG]  Bunge (-0.0)


KNX Forecast + Options Trading Strategies   [KNX]  Knight-Swift Transportation (-0.0)


SMTC Forecast + Options Trading Strategies   [SMTC]  Semtech (0.0)


SMG Forecast + Options Trading Strategies   [SMG]  Scotts Miracle-Gro (-0.0)


KR Forecast + Options Trading Strategies   [KR]  Kroger (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against WDC



PBT Forecast + Options Trading Strategies   [PBT]  Permian Basin Royalty (-0.92)


UVXY Forecast + Options Trading Strategies   [UVXY]  ProShares Ultra VIX Short-Term Futures (-0.93)


PFE Forecast + Options Trading Strategies   [PFE]  Pfizer (-0.93)


AMC Forecast + Options Trading Strategies   [AMC]  AMC Entertainment (-0.94)


VXX Forecast + Options Trading Strategies   [VXX]  iPath Series B S&P 500 VIX Short-Term Futures (-0.94)





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