Goldman Sachs Lifts Price Target on Seagate Technology (STX)
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Price: $878.31 +2.05%
Rating Summary:
30 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 22 | New: 15
Rating Summary:
30 Buy, 18 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 22 | New: 15
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Goldman Sachs boosted estimates and its price target on Neutral-rated Seagate Technology (NASDAQ: STX) from $26 to $29 following Q3 results but is keeping its Neutral rating. The firm notes solid execution and resilient price premiums drive upside.
The firm now forecast FY2013 and FY2014 revenues of $18.40 billion and $15.28
billion from $17.78 billion and $15.26 billion prior. FY2013 and FY2014 EPS estimates also go to $6.86 and $3.46 from $4.56 and $3.38.
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 $27.89 yesterday.
The firm now forecast FY2013 and FY2014 revenues of $18.40 billion and $15.28
billion from $17.78 billion and $15.26 billion prior. FY2013 and FY2014 EPS estimates also go to $6.86 and $3.46 from $4.56 and $3.38.
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 $27.89 yesterday.
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