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
€60.95
-0.680%
The stock is one of the favorites of our community with 43 Buy predictions and 1 Sell predictions.
As a result the target price of 79 € shows a positive potential of 29.61% compared to the current price of 60.95 € for Western Digital Corp..
