Susquehanna Remains Sidelined on Seagate Technology (STX) Citing Lacking Visibility On SSD Scale Strategy
Susquehanna maintains Neutral on Seagate Technology (NASDAQ: STX) price target of $55.00.
Analyst Mehdi Hosseini comments "Mar Q upside and guide not entirely a surprise given our prior work suggesting strong Nearline demand. That said, we lack visibility around STX's ability to scale its SSD strategy (particularly given increasingly competitive market), while Nearline alone not enough to drive EPS growth beyond 2018."
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 $57.89 yesterday.