Susquehanna Analyst Forecasts: Mixed Bag for Energy Giants, Boost for Western Digital, WDC
MarketBeat News Feed reveals Susquehanna's analyst forecasts for several energy stocks. Some stocks, like Boston Scientific, received reduced price targets, while Western Digital's price target was significantly increased to $500.00 from $360.00. Other stocks like Baker Hughes, Noble, and Halliburton saw their price targets trimmed. The mixed bag of opinions underscores the volatile nature of the energy sector. [doc1], [doc2], [doc3], [doc4], [doc5], [doc9], [doc10], [doc16]
Susquehanna's latest analyst notes delivered a mixed picture across energy and tech hardware names. Needham & Company cut its price objective on BSX to $57.00 from $77.00, while Susquehanna set a new $55.00 target on SLB and $12.00 on PTEN, pairing the lower targets with positive ratings. HAL fared better, with its target raised to $42.00 from $45.00.
The standout call came on WDC: Susquehanna analyst Mehdi Hosseini raised his price target to $500.00 from $360.00 while keeping a Neutral rating, citing checks showing blended HDD ASPs up 15-20% quarter-over-quarter in Q2 2026, with customer negotiations pointing to a further 20% quarter-over-quarter increase in Q3 and 10-15% more in Q4 on continued supply tightness.
The divergence between the energy-services cuts and the storage-hardware raise highlights how sharply sector fundamentals are diverging this quarter: storage pricing power is strengthening on AI-driven demand even as parts of the oilfield-services complex see target trims.
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