Wall Street Bulls Look Optimistic About Western Digital (WDC): Should You Buy?

Group 1 - The average brokerage recommendation (ABR) for Western Digital (WDC) is 1.38, indicating a consensus between Strong Buy and Buy, with 81% of the 21 recommendations being Strong Buy [1][2] - Brokerage firms tend to exhibit a strong positive bias in their ratings, with five "Strong Buy" recommendations for every "Strong Sell," which may mislead retail investors [2][4] - The Zacks Rank, which is based on earnings estimate revisions, is a more reliable indicator of near-term stock price performance compared to ABR [3][5] Group 2 - The Zacks Consensus Estimate for Western Digital's earnings for the current year is unchanged at -$0.62, suggesting the stock may perform in line with the broader market [6] - The Zacks Rank for Western Digital is 3 (Hold), indicating a cautious approach despite the Buy-equivalent ABR [6]