Seagate Technology (STX) Earnings Preview - Northland Capital Markets

Northland Capital Markets analyst Gus Richard reiterated an Outperform rating and $85.00 price target on Seagate Technology (NASDAQ: STX), expecting the company to report a strong quarter and provide a positive outlook.

The analyst stated "We believe there is a fair chance that GM will move into STX's target range
of 30% to 33% in FY22. GM expansion is likely by favorable supply/demand dynamics, improving mix, and operational efficiencies. Trading at 13.5x FY22 (June) with a 3,3% dividend yield, we like the risk/reward of STX. We reiterate our OP and will adjust PT post-earnings."

For an analyst ratings summary and ratings history on Seagate Technology click here. For more ratings news on Seagate Technology click here.

Shares of Seagate Technology closed at $82.33 yesterday.

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