<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>週二，花旗分析師更新了對西部數據的展望，強調固態硬盤（SSD）市場的積極變化。根據花旗的修訂預測，SSD 收入預計將同比增長 129%，大幅高於之前的 83% 的估計。</p>
<p>這一樂觀展望得到了 TrendFocus 的數據支撐，該數據突出了出貨增長超出預期以及每千兆字節的 NAND 價格上漲。</p>
<p>這一預測延伸至 2025 年，預計 SSD 收入將同比增長 40%，大幅高於之前僅為 0.4% 的預測。</p>
<p>花旗分析師對西部數據保持看漲立場，重申 95 美元的買入評級，暗示與當前交易水平相比潛在的 54% 上漲空間。</p>
<h2>西部數據 Q2 盈利：分析師反應</h2>
<p>西部數據的 Q2 盈利發佈引發了分析師們不同的反應。Summit Insights 將該股票評級下調至持有，稱儘管近幾個季度平均銷售價格（ASP）和毛利率持續增長，但盈利能力近期改善有限。</p>
<p>相反，花旗研究堅持其買入評級，強調存儲行業的週期性復甦以及在容量受限環境中利潤改善。</p>
<p>美國銀行證券也表達了這一觀點，指出 HDD 部門的毛利率強勁，並維持 89 美元的價格目標。</p>
<p>西部數據報告顯示，2024 年 Q2 業績強勁，營收達到 37.6 億美元，同比增長 41%，超出共識預期。</p>
<p>這一增長主要得益於雲端部門，營收同比增長 89%，達到 18.8 億美元，受益於更高的近線出貨量和企業 SSD 比特出貨量的增加。</p>
<p>客户端部門也有所貢獻，儘管規模較小，由於閃存 ASP 的提高，顧客端部門同比增長 3%。然而，消費者端部門季度環比下降 7%，反映了該市場需求環境的疲軟。</p>
<h2>企業 SSD 需求增加</h2>
<p>西部數據的業務基本面受到 HDD 和閃存市場的強勁影響。該公司的雲端部門現在佔總營收的 50%，是關鍵的增長驅動因素，受益於持續的數字轉型和人工智能驅動的數據需求增加。</p>
<p>預計企業 SSD 和近線 HDD 的需求將繼續增長，隨着數據中心擴大基礎設施。</p>
<p>客户端部門佔營收的 32%，也顯示出潛力，閃存 ASP 的提高和對高性能存儲解決方案的穩定需求。然而，消費者端部門的前景仍然黯淡，由於出貨量下降，儘管價格有所提高。</p>
<p>西部數據的主要增長驅動因素在於其在不斷擴大的雲端市場中的曝光，對更高容量和性能的需求推高了產量和價格。</p>
<p>該公司對與人工智能相關的存儲需求的戰略關注使其在這一趨勢中處於有利位置。</p>
<p>然而，阻力仍然存在，特別是在消費者端部門，較低的比特出貨量反映了更為謹慎的消費者支出環境。</p>
<p>此外，更廣泛的存儲市場仍然容易受到需求和價格波動的影響，如果當前供需平衡發生變化，可能會影響盈利能力。</p>
<h2>西部數據的戰略分拆</h2>
<p>西部數據決定將其閃存業務分拆為一個獨立實體，被視為提高運營效率和資本配置的戰略舉措。</p>
<p>這一分拆預計將簡化業務結構，使每個部門能夠更有效地追求增長機會。</p>
<p>此外，這一舉措符合公司更廣泛的戰略，旨在利用其在 HDD 市場的領先地位，該市場佔據着重要的市場份額。</p>
<p>與 Kioxia 的合作將在分拆後繼續，為西部數據提供關鍵的 NAND 晶圓供應，對於在 SSD 市場保持競爭優勢至關重要。</p>
<p>預計西部數據的 HDD 部門盈利能力將在分拆後提高，受益於更高的 ASP 和在雲端部門中 SMR 驅動的驅動器的日益採用。</p>
<p>這些驅動器旨在滿足企業客户不斷增長的數據存儲需求，與傳統 HDD 相比，提供更好的利潤率。</p>
<h2>西部數據估值</h2>
<p>西部數據目前的交易倍數表明，相對於同行公司，該股被低估。公司的前瞻市盈率為 8 倍，使其比 Micron 和 Intel 等競爭對手更便宜。</p>
<p>鑑於公司強勁的盈利增長軌跡和 2025 財年的積極展望，這種折扣似乎是不合理的。</p>
<p>分析師認為，市場尚未充分反映西部數據計劃將其閃存業務分拆的潛在好處，這可能通過創建一個更專注和精簡的組織來釋放出重要的股東價值。</p>
<p>西部數據最近的下跌提供了一個有趣的買入機會，特別是考慮到花旗等分析師的積極展望和公司紮實的 Q2 業績。然而，與任何投資一樣，風險仍然存在，特別是在週期性和競爭激烈的存儲市場中。</p>
<p>在強勁的基本面支撐下，現在是時候將注意力轉向技術指標，以更好地瞭解股票的價格走勢，並確定潛在的買入和賣出點。讓我們看看圖表對西部數據股票表現的看法。</p>
<h2>十年長期下跌趨勢持續</h2>
<p>西部數據股票已經處於超過十年的長期下跌趨勢中。在 2023 年 10 月至今年 6 月的期間，股票翻倍似乎結束了這一下跌趨勢，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>來源：TradingView</p>
<p>考慮到想要看漲該股票的投資者必須謹慎行事。只有在股票成功收盤價突破目前約為 71.2 美元的 200 日移動平均線時，才應考慮持有多頭倉位。</p>
<p>目前，看跌該股票的交易者面臨低風險的入場機會，因為股票在短期圖表中面臨約為 65.8 美元的強阻力。他們可以在當前水平開設空頭倉位，並設定止損價在 66 美元以上。</p>
<p>如果短期內看跌勢頭恢復，股票可能再次下跌至近期的約 53 美元的波動低點，屆時可以獲利了結。</p>
<p>關於西部數據股價預測：在最近的下跌後是否值得買入？文章首發於 Invezz</p>

西部數據

<p>最近西部數據股票的下跌促使花旗分析師預測固態硬盤（SSD）市場將出現積極變化，預計年收入將比之前的 83% 的估計增長 129%。花旗維持買入評級，預計有 54% 的潛在上漲空間。儘管市場對西部數據第二季度業績反應褒貶不一，但在雲業務領域的強勁表現以及對 Flash 存儲業務的戰略剝離可能會提升運營效率和股東價值。然而，消費者領域和整體市場波動仍存在風險</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>週二，花旗分析師更新了對西部數據的展望，強調固態硬盤（SSD）市場的積極變化。根據花旗的修訂預測，SSD 收入預計將同比增長 129%，大幅高於之前的 83% 的估計。</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>這一樂觀展望得到了 TrendFocus 的數據支撐，該數據突出了出貨增長超出預期以及每千兆字節的 NAND 價格上漲。</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>這一預測延伸至 2025 年，預計 SSD 收入將同比增長 40%，大幅高於之前僅為 0.4% 的預測。</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>花旗分析師對西部數據保持看漲立場，重申 95 美元的買入評級，暗示與當前交易水平相比潛在的 54% 上漲空間。</p>
</div><h2>Western Digital Q2 earnings: Analyst reactions</h2>
<div class="lb-trans"><h2>西部數據 Q2 盈利：分析師反應</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>西部數據的 Q2 盈利發佈引發了分析師們不同的反應。Summit Insights 將該股票評級下調至持有，稱儘管近幾個季度平均銷售價格（ASP）和毛利率持續增長，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，花旗研究堅持其買入評級，強調存儲行業的週期性復甦以及在容量受限環境中利潤改善。</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>美國銀行證券也表達了這一觀點，指出 HDD 部門的毛利率強勁，並維持 89 美元的價格目標。</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>西部數據報告顯示，2024 年 Q2 業績強勁，營收達到 37.6 億美元，同比增長 41%，超出共識預期。</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>這一增長主要得益於雲端部門，營收同比增長 89%，達到 18.8 億美元，受益於更高的近線出貨量和企業 SSD 比特出貨量的增加。</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>客户端部門也有所貢獻，儘管規模較小，由於閃存 ASP 的提高，顧客端部門同比增長 3%。然而，消費者端部門季度環比下降 7%，反映了該市場需求環境的疲軟。</p>
</div><h2>Higher enterprise SSD demand</h2>
<div class="lb-trans"><h2>企業 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>西部數據的業務基本面受到 HDD 和閃存市場的強勁影響。該公司的雲端部門現在佔總營收的 50%，是關鍵的增長驅動因素，受益於持續的數字轉型和人工智能驅動的數據需求增加。</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>預計企業 SSD 和近線 HDD 的需求將繼續增長，隨着數據中心擴大基礎設施。</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>客户端部門佔營收的 32%，也顯示出潛力，閃存 ASP 的提高和對高性能存儲解決方案的穩定需求。然而，消費者端部門的前景仍然黯淡，由於出貨量下降，儘管價格有所提高。</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>西部數據的主要增長驅動因素在於其在不斷擴大的雲端市場中的曝光，對更高容量和性能的需求推高了產量和價格。</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>該公司對與人工智能相關的存儲需求的戰略關注使其在這一趨勢中處於有利位置。</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，特別是在消費者端部門，較低的比特出貨量反映了更為謹慎的消費者支出環境。</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，更廣泛的存儲市場仍然容易受到需求和價格波動的影響，如果當前供需平衡發生變化，可能會影響盈利能力。</p>
</div><h2>Western Digital’s strategic spin-off</h2>
<div class="lb-trans"><h2>西部數據的戰略分拆</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>西部數據決定將其閃存業務分拆為一個獨立實體，被視為提高運營效率和資本配置的戰略舉措。</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>這一分拆預計將簡化業務結構，使每個部門能夠更有效地追求增長機會。</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，這一舉措符合公司更廣泛的戰略，旨在利用其在 HDD 市場的領先地位，該市場佔據着重要的市場份額。</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>與 Kioxia 的合作將在分拆後繼續，為西部數據提供關鍵的 NAND 晶圓供應，對於在 SSD 市場保持競爭優勢至關重要。</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>預計西部數據的 HDD 部門盈利能力將在分拆後提高，受益於更高的 ASP 和在雲端部門中 SMR 驅動的驅動器的日益採用。</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>這些驅動器旨在滿足企業客户不斷增長的數據存儲需求，與傳統 HDD 相比，提供更好的利潤率。</p>
</div><h2>Western Digital valuation</h2>
<div class="lb-trans"><h2>西部數據估值</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>西部數據目前的交易倍數表明，相對於同行公司，該股被低估。公司的前瞻市盈率為 8 倍，使其比 Micron 和 Intel 等競爭對手更便宜。</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>鑑於公司強勁的盈利增長軌跡和 2025 財年的積極展望，這種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>分析師認為，市場尚未充分反映西部數據計劃將其閃存業務分拆的潛在好處，這可能通過創建一個更專注和精簡的組織來釋放出重要的股東價值。</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>西部數據最近的下跌提供了一個有趣的買入機會，特別是考慮到花旗等分析師的積極展望和公司紮實的 Q2 業績。然而，與任何投資一樣，風險仍然存在，特別是在週期性和競爭激烈的存儲市場中。</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>在強勁的基本面支撐下，現在是時候將注意力轉向技術指標，以更好地瞭解股票的價格走勢，並確定潛在的買入和賣出點。讓我們看看圖表對西部數據股票表現的看法。</p>
</div><h2>Decade-long downtrend continues</h2>
<div class="lb-trans"><h2>十年長期下跌趨勢持續</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>西部數據股票已經處於超過十年的長期下跌趨勢中。在 2023 年 10 月至今年 6 月的期間，股票翻倍似乎結束了這一下跌趨勢，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>來源：TradingView</p>
<p>考慮到想要看漲該股票的投資者必須謹慎行事。只有在股票成功收盤價突破目前約為 71.2 美元的 200 日移動平均線時，才應考慮持有多頭倉位。</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，看跌該股票的交易者面臨低風險的入場機會，因為股票在短期圖表中面臨約為 65.8 美元的強阻力。他們可以在當前水平開設空頭倉位，並設定止損價在 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>如果短期內看跌勢頭恢復，股票可能再次下跌至近期的約 53 美元的波動低點，屆時可以獲利了結。</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>關於西部數據股價預測：在最近的下跌後是否值得買入？文章首發於 Invezz</p>
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西部數據的股票價格預測：在最近的下跌之後是否值得買入？