Seagate Technology (STX) PT Raised to $1,350 at Bernstein SocGen Group

Bernstein SocGen Group analyst Mark Newman raised the price target on Seagate Technology (NASDAQ: STX) to $1,350.00 (from $1,000.00) while maintaining a Outperform rating.

The analyst commented, "Seagate delivered another strong beat and strong guidance across the board powered by accelerating price increases and stronger cost declines from HAMR. FQ4’26 EPS came in at $5.71, well-above the high end of the guided range ($4.80-$5.20), beating both our estimate at $5.07 and consensus at $5.08. FQ1’27 guidance also came in strong at $7.30 EPS in the mid-point, as price strength is expected to continue. Most encouragingly price per EB continued to increase at an even faster rate..."

You May Also Be Interested In

• Freedom Broker Upgrades Core Scientific Inc. (CORZ) to Buy
• Glaukos Corporation (GKOS) PT Raised to $190 at Stifel
• Phathom Pharmaceuticals (PHAT) PT Lowered to $22 at Guggenheim