Should You Sell Western Digital After its Toshiba Loss?
Western Digital's (NASDAQ: WDC) lengthy attempt to acquire Toshiba's (NASDAQOTH: TOSBF) memory unit failed last month, with Toshiba deciding to sell the unit to a consortium led by SK Hynix and Bain Capital.
Western Digital previously inherited a NAND flash memory joint venture with Toshiba through its $15.8 billion acquisition of SanDisk. But shortly after the SanDisk takeover, Toshiba decided to sell its entire memory business to offset losses at its US nuclear division.
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Source: Fool.com
Western Digital Corp. Stock
€71.00
1.270%
With 36 Buy predictions and not a single Sell prediction Western Digital Corp. is an absolute favorite of our community.
With a target price of 79 € there is a slightly positive potential of 11.27% for Western Digital Corp. compared to the current price of 71.0 €.
