<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2021/10/western-digital.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2021/10/western-digital.jpg"/></p>
<p>周二，花旗分析师更新了对西部数据的展望，强调固态硬盘（SSD）市场的积极变化。根据花旗的修订预测，SSD 收入预计将同比增长 129%，大幅高于之前的 83% 的估计。</p>
<p>这一乐观展望得到了 TrendFocus 的数据支撑，该数据突出了出货增长超出预期以及每千兆字节的 NAND 价格上涨。</p>
<p>这一预测延伸至 2025 年，预计 SSD 收入将同比增长 40%，大幅高于之前仅为 0.4% 的预测。</p>
<p>花旗分析师对西部数据保持看涨立场，重申 95 美元的买入评级，暗示与当前交易水平相比潜在的 54% 上涨空间。</p>
<h2>西部数据 Q2 盈利：分析师反应</h2>
<p>西部数据的 Q2 盈利发布引发了分析师们不同的反应。Summit Insights 将该股票评级下调至持有，称尽管近几个季度平均销售价格（ASP）和毛利率持续增长，但盈利能力近期改善有限。</p>
<p>相反，花旗研究坚持其买入评级，强调存储行业的周期性复苏以及在容量受限环境中利润改善。</p>
<p>美国银行证券也表达了这一观点，指出 HDD 部门的毛利率强劲，并维持 89 美元的价格目标。</p>
<p>西部数据报告显示，2024 年 Q2 业绩强劲，营收达到 37.6 亿美元，同比增长 41%，超出共识预期。</p>
<p>这一增长主要得益于云端部门，营收同比增长 89%，达到 18.8 亿美元，受益于更高的近线出货量和企业 SSD 比特出货量的增加。</p>
<p>客户端部门也有所贡献，尽管规模较小，由于闪存 ASP 的提高，顾客端部门同比增长 3%。然而，消费者端部门季度环比下降 7%，反映了该市场需求环境的疲软。</p>
<h2>企业 SSD 需求增加</h2>
<p>西部数据的业务基本面受到 HDD 和闪存市场的强劲影响。该公司的云端部门现在占总营收的 50%，是关键的增长驱动因素，受益于持续的数字转型和人工智能驱动的数据需求增加。</p>
<p>预计企业 SSD 和近线 HDD 的需求将继续增长，随着数据中心扩大基础设施。</p>
<p>客户端部门占营收的 32%，也显示出潜力，闪存 ASP 的提高和对高性能存储解决方案的稳定需求。然而，消费者端部门的前景仍然黯淡，由于出货量下降，尽管价格有所提高。</p>
<p>西部数据的主要增长驱动因素在于其在不断扩大的云端市场中的曝光，对更高容量和性能的需求推高了产量和价格。</p>
<p>该公司对与人工智能相关的存储需求的战略关注使其在这一趋势中处于有利位置。</p>
<p>然而，阻力仍然存在，特别是在消费者端部门，较低的比特出货量反映了更为谨慎的消费者支出环境。</p>
<p>此外，更广泛的存储市场仍然容易受到需求和价格波动的影响，如果当前供需平衡发生变化，可能会影响盈利能力。</p>
<h2>西部数据的战略分拆</h2>
<p>西部数据决定将其闪存业务分拆为一个独立实体，被视为提高运营效率和资本配置的战略举措。</p>
<p>这一分拆预计将简化业务结构，使每个部门能够更有效地追求增长机会。</p>
<p>此外，这一举措符合公司更广泛的战略，旨在利用其在 HDD 市场的领先地位，该市场占据着重要的市场份额。</p>
<p>与 Kioxia 的合作将在分拆后继续，为西部数据提供关键的 NAND 晶圆供应，对于在 SSD 市场保持竞争优势至关重要。</p>
<p>预计西部数据的 HDD 部门盈利能力将在分拆后提高，受益于更高的 ASP 和在云端部门中 SMR 驱动的驱动器的日益采用。</p>
<p>这些驱动器旨在满足企业客户不断增长的数据存储需求，与传统 HDD 相比，提供更好的利润率。</p>
<h2>西部数据估值</h2>
<p>西部数据目前的交易倍数表明，相对于同行公司，该股被低估。公司的前瞻市盈率为 8 倍，使其比 Micron 和 Intel 等竞争对手更便宜。</p>
<p>鉴于公司强劲的盈利增长轨迹和 2025 财年的积极展望，这种折扣似乎是不合理的。</p>
<p>分析师认为，市场尚未充分反映西部数据计划将其闪存业务分拆的潜在好处，这可能通过创建一个更专注和精简的组织来释放出重要的股东价值。</p>
<p>西部数据最近的下跌提供了一个有趣的买入机会，特别是考虑到花旗等分析师的积极展望和公司扎实的 Q2 业绩。然而，与任何投资一样，风险仍然存在，特别是在周期性和竞争激烈的存储市场中。</p>
<p>在强劲的基本面支撑下，现在是时候将注意力转向技术指标，以更好地了解股票的价格走势，并确定潜在的买入和卖出点。让我们看看图表对西部数据股票表现的看法。</p>
<h2>十年长期下跌趋势持续</h2>
<p>西部数据股票已经处于超过十年的长期下跌趋势中。在 2023 年 10 月至今年 6 月的期间，股票翻倍似乎结束了这一下跌趋势，但最近的下跌似乎表明它仍然存在。</p>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/08/WDC_2024-08-27_19-37-38-1024x555.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/08/WDC_2024-08-27_19-37-38-1024x555.png"/></p>
<p>来源：TradingView</p>
<p>考虑到想要看涨该股票的投资者必须谨慎行事。只有在股票成功收盘价突破目前约为 71.2 美元的 200 日移动平均线时，才应考虑持有多头仓位。</p>
<p>目前，看跌该股票的交易者面临低风险的入场机会，因为股票在短期图表中面临约为 65.8 美元的强阻力。他们可以在当前水平开设空头仓位，并设定止损价在 66 美元以上。</p>
<p>如果短期内看跌势头恢复，股票可能再次下跌至近期的约 53 美元的波动低点，届时可以获利了结。</p>
<p>关于西部数据股价预测：在最近的下跌后是否值得买入？文章首发于 Invezz</p>

西部数据

<p>最近西部数据股票的下跌促使花旗分析师预测固态硬盘（SSD）市场将出现积极变化，预计年收入将比之前的 83% 的估计增长 129%。花旗维持买入评级，预计有 54% 的潜在上涨空间。尽管市场对西部数据第二季度业绩反应褒贬不一，但在云业务领域的强劲表现以及对 Flash 存储业务的战略剥离可能会提升运营效率和股东价值。然而，消费者领域和整体市场波动仍存在风险</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2021/10/western-digital.jpg" alt="" original-src="https://invezz.com/wp-content/uploads/2021/10/western-digital.jpg"/></p>
<p>On Tuesday analysts at Citi updated their outlook on Western Digital, highlighting the positive shift in the solid-state drive (SSD) market. As per Citi’s revised forecast, SSD revenue is expected to surge by 129% year-over-year, a significant increase from the prior estimate of 83%.</p>
<div class="lb-trans"><p>周二，花旗分析师更新了对西部数据的展望，强调固态硬盘（SSD）市场的积极变化。根据花旗的修订预测，SSD 收入预计将同比增长 129%，大幅高于之前的 83% 的估计。</p>
</div><p>This optimistic outlook is underpinned by data from TrendFocus, which highlighted better-than-expected shipment growth and an increase in NAND price per gigabyte.</p>
<div class="lb-trans"><p>这一乐观展望得到了 TrendFocus 的数据支撑，该数据突出了出货增长超出预期以及每千兆字节的 NAND 价格上涨。</p>
</div><p>This forecast extends into 2025, where SSD revenues are now expected to grow by 40% year-over-year, sharply up from a prior projection of just 0.4%.</p>
<div class="lb-trans"><p>这一预测延伸至 2025 年，预计 SSD 收入将同比增长 40%，大幅高于之前仅为 0.4% 的预测。</p>
</div><p>Citi analysts maintain a bullish stance on Western Digital, reiterating their Buy rating with a $95 price target, suggesting a potential 54% upside from the current trading levels.</p>
<div class="lb-trans"><p>花旗分析师对西部数据保持看涨立场，重申 95 美元的买入评级，暗示与当前交易水平相比潜在的 54% 上涨空间。</p>
</div><h2>Western Digital Q2 earnings: Analyst reactions</h2>
<div class="lb-trans"><h2>西部数据 Q2 盈利：分析师反应</h2>
</div><p>Western Digital’s Q2 earnings release elicited mixed reactions from analysts. Summit Insights downgraded the stock to Hold, citing limited near-term improvements in profitability, despite consistent growth in average selling prices (ASPs) and gross margin expansion over recent quarters.</p>
<div class="lb-trans"><p>西部数据的 Q2 盈利发布引发了分析师们不同的反应。Summit Insights 将该股票评级下调至持有，称尽管近几个季度平均销售价格（ASP）和毛利率持续增长，但盈利能力近期改善有限。</p>
</div><p>Conversely, Citi Research upheld its Buy rating, emphasizing the cyclical recovery in the storage industry and improved margins in a capacity-constrained environment.</p>
<div class="lb-trans"><p>相反，花旗研究坚持其买入评级，强调存储行业的周期性复苏以及在容量受限环境中利润改善。</p>
</div><p>Bank of America Securities echoed this sentiment, noting strong margins in the HDD segment and maintaining a price objective of $89.</p>
<div class="lb-trans"><p>美国银行证券也表达了这一观点，指出 HDD 部门的毛利率强劲，并维持 89 美元的价格目标。</p>
</div><p>Western Digital reported robust Q2 2024 results, with revenue reaching $3.76 billion, a 41% year-over-year increase, exceeding consensus estimates.</p>
<div class="lb-trans"><p>西部数据报告显示，2024 年 Q2 业绩强劲，营收达到 37.6 亿美元，同比增长 41%，超出共识预期。</p>
</div><p>This growth was largely fueled by the Cloud segment, which saw an 89% year-over-year increase to $1.88 billion, driven by higher nearline shipments and increased enterprise SSD bit shipments.</p>
<div class="lb-trans"><p>这一增长主要得益于云端部门，营收同比增长 89%，达到 18.8 亿美元，受益于更高的近线出货量和企业 SSD 比特出货量的增加。</p>
</div><p>The Client segment also contributed, albeit modestly, with a 3% sequential increase due to higher flash ASPs. However, the Consumer segment saw a 7% decline quarter-over-quarter, reflecting a weaker demand environment in that market.</p>
<div class="lb-trans"><p>客户端部门也有所贡献，尽管规模较小，由于闪存 ASP 的提高，顾客端部门同比增长 3%。然而，消费者端部门季度环比下降 7%，反映了该市场需求环境的疲软。</p>
</div><h2>Higher enterprise SSD demand</h2>
<div class="lb-trans"><h2>企业 SSD 需求增加</h2>
</div><p>Western Digital’s business fundamentals are shaped by a strong presence in both the HDD and Flash memory markets. The company’s Cloud segment, now representing 50% of total revenue, is a key growth driver, benefiting from the ongoing digital transformation and the rise of AI-driven data needs.</p>
<div class="lb-trans"><p>西部数据的业务基本面受到 HDD 和闪存市场的强劲影响。该公司的云端部门现在占总营收的 50%，是关键的增长驱动因素，受益于持续的数字转型和人工智能驱动的数据需求增加。</p>
</div><p>Higher demand for enterprise SSDs and nearline HDDs is expected to continue as data centers expand their infrastructure.</p>
<div class="lb-trans"><p>预计企业 SSD 和近线 HDD 的需求将继续增长，随着数据中心扩大基础设施。</p>
</div><p>The Client segment, which accounts for 32% of revenue, also shows promise, with improving flash ASPs and stable demand for high-performance storage solutions. However, the Consumer segment’s outlook remains subdued due to declining shipments, though partially offset by better pricing.</p>
<div class="lb-trans"><p>客户端部门占营收的 32%，也显示出潜力，闪存 ASP 的提高和对高性能存储解决方案的稳定需求。然而，消费者端部门的前景仍然黯淡，由于出货量下降，尽管价格有所提高。</p>
</div><p>The primary growth driver for Western Digital lies in its exposure to the expanding Cloud market, where demand for higher capacity and performance is pushing up both volumes and prices.</p>
<div class="lb-trans"><p>西部数据的主要增长驱动因素在于其在不断扩大的云端市场中的曝光，对更高容量和性能的需求推高了产量和价格。</p>
</div><p>The company’s strategic focus on AI-related storage needs positions it well to capitalize on this trend.</p>
<div class="lb-trans"><p>该公司对与人工智能相关的存储需求的战略关注使其在这一趋势中处于有利位置。</p>
</div><p>However, headwinds persist, particularly in the Consumer segment, where lower bit shipments reflect a more cautious consumer spending environment.</p>
<div class="lb-trans"><p>然而，阻力仍然存在，特别是在消费者端部门，较低的比特出货量反映了更为谨慎的消费者支出环境。</p>
</div><p>Additionally, the broader memory market remains susceptible to fluctuations in demand and pricing, which could impact profitability if the current supply-demand balance shifts.</p>
<div class="lb-trans"><p>此外，更广泛的存储市场仍然容易受到需求和价格波动的影响，如果当前供需平衡发生变化，可能会影响盈利能力。</p>
</div><h2>Western Digital’s strategic spin-off</h2>
<div class="lb-trans"><h2>西部数据的战略分拆</h2>
</div><p>Western Digital’s decision to spin off its Flash memory business into a separate entity is seen as a strategic move to enhance operational efficiency and capital allocation.</p>
<div class="lb-trans"><p>西部数据决定将其闪存业务分拆为一个独立实体，被视为提高运营效率和资本配置的战略举措。</p>
</div><p>The spin-off is expected to simplify the business structure, allowing each segment to pursue growth opportunities more effectively.</p>
<div class="lb-trans"><p>这一分拆预计将简化业务结构，使每个部门能够更有效地追求增长机会。</p>
</div><p>Additionally, this move aligns with the company’s broader strategy to capitalize on its leading position in the HDD market, where it holds a significant market share.</p>
<div class="lb-trans"><p>此外，这一举措符合公司更广泛的战略，旨在利用其在 HDD 市场的领先地位，该市场占据着重要的市场份额。</p>
</div><p>The partnership with Kioxia, which will continue post-spin-off, provides Western Digital with a steady supply of NAND wafers, crucial for maintaining its competitive edge in the SSD market.</p>
<div class="lb-trans"><p>与 Kioxia 的合作将在分拆后继续，为西部数据提供关键的 NAND 晶圆供应，对于在 SSD 市场保持竞争优势至关重要。</p>
</div><p>The profitability of Western Digital’s HDD segment is expected to improve post-spin-off, driven by higher ASPs and the growing adoption of SMR-based drives in the Cloud segment.</p>
<div class="lb-trans"><p>预计西部数据的 HDD 部门盈利能力将在分拆后提高，受益于更高的 ASP 和在云端部门中 SMR 驱动的驱动器的日益采用。</p>
</div><p>These drives, designed to meet the increasing data storage needs of enterprise customers, offer better margins compared to traditional HDDs.</p>
<div class="lb-trans"><p>这些驱动器旨在满足企业客户不断增长的数据存储需求，与传统 HDD 相比，提供更好的利润率。</p>
</div><h2>Western Digital valuation</h2>
<div class="lb-trans"><h2>西部数据估值</h2>
</div><p>Western Digital’s current trading multiples suggest that the stock is undervalued relative to its peers. The company’s forward P/E ratio stands at 8x, making it cheaper than competitors like Micron and Intel.</p>
<div class="lb-trans"><p>西部数据目前的交易倍数表明，相对于同行公司，该股被低估。公司的前瞻市盈率为 8 倍，使其比 Micron 和 Intel 等竞争对手更便宜。</p>
</div><p>This discount appears unwarranted, given the company’s strong earnings trajectory and positive outlook for FY25.</p>
<div class="lb-trans"><p>鉴于公司强劲的盈利增长轨迹和 2025 财年的积极展望，这种折扣似乎是不合理的。</p>
</div><p>Analysts believe that the market has not fully priced in the potential benefits from Western Digital’s planned spin-off of its Flash memory business, which could unlock significant shareholder value by creating a more focused and streamlined organization.</p>
<div class="lb-trans"><p>分析师认为，市场尚未充分反映西部数据计划将其闪存业务分拆的潜在好处，这可能通过创建一个更专注和精简的组织来释放出重要的股东价值。</p>
</div><p>Western Digital’s recent dip presents an intriguing buying opportunity, particularly given the positive outlook from analysts like those at Citi and the company’s solid Q2 performance. However, as with any investment, risks remain, particularly in the cyclical and highly competitive memory market.</p>
<div class="lb-trans"><p>西部数据最近的下跌提供了一个有趣的买入机会，特别是考虑到花旗等分析师的积极展望和公司扎实的 Q2 业绩。然而，与任何投资一样，风险仍然存在，特别是在周期性和竞争激烈的存储市场中。</p>
</div><p>With a strong fundamental backdrop, it’s now time to turn our attention to the technical indicators to better understand the stock’s price trajectory and identify potential entry and exit points. Let’s see what the charts have to say about Western Digital’s stock performance.</p>
<div class="lb-trans"><p>在强劲的基本面支撑下，现在是时候将注意力转向技术指标，以更好地了解股票的价格走势，并确定潜在的买入和卖出点。让我们看看图表对西部数据股票表现的看法。</p>
</div><h2>Decade-long downtrend continues</h2>
<div class="lb-trans"><h2>十年长期下跌趋势持续</h2>
</div><p>Western Digital’s stock has been in a long-term downtrend for more than a decade now. It seemed that this downtrend had ended when the stock doubled in the period between October 2023 and June this year, but the recent decline seems to suggest it is still in place.</p>
<div class="lb-trans"><p>西部数据股票已经处于超过十年的长期下跌趋势中。在 2023 年 10 月至今年 6 月的期间，股票翻倍似乎结束了这一下跌趋势，但最近的下跌似乎表明它仍然存在。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/08/WDC_2024-08-27_19-37-38-1024x555.png" alt="" original-src="https://invezz.com/wp-content/uploads/2024/08/WDC_2024-08-27_19-37-38-1024x555.png"/></p>
<p>Source: TradingView</p>
<p>Considering that investors who want to place bullish bets on the stock must exercise caution. A long position should only be considered if the stock manages to give a daily closing above its 200-day moving average, which currently lies around $71.2.</p>
<div class="lb-trans"><p>来源：TradingView</p>
<p>考虑到想要看涨该股票的投资者必须谨慎行事。只有在股票成功收盘价突破目前约为 71.2 美元的 200 日移动平均线时，才应考虑持有多头仓位。</p>
</div><p>Traders who are bearish on the stock have a low-risk entry on their hands right now as the stock is facing strong resistance around $65.8 in the short-term charts. They can initiate a short position at current levels with a stop loss above $66.</p>
<div class="lb-trans"><p>目前，看跌该股票的交易者面临低风险的入场机会，因为股票在短期图表中面临约为 65.8 美元的强阻力。他们可以在当前水平开设空头仓位，并设定止损价在 66 美元以上。</p>
</div><p>If the bearish momentum resumes in the short term, the stock can again fall to its recent swing low near $53 where one can book profits.</p>
<div class="lb-trans"><p>如果短期内看跌势头恢复，股票可能再次下跌至近期的约 53 美元的波动低点，届时可以获利了结。</p>
</div><p>The post Western Digital stock price forecast: Is it a buy after the recent dip? appeared first on Invezz</p>
<div class="lb-trans"><p>关于西部数据股价预测：在最近的下跌后是否值得买入？文章首发于 Invezz</p>
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西部数据的股票价格预测：在最近的下跌之后是否值得买入？