Seagate Technology Reports Fiscal Fourth Quarter and Fiscal Year 2024 Financial Results

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Seagate Technology (STX) PT Raised to $125 at BofA Securities

July 24, 2024 9:23 AM EDT

BofA Securities analyst Mehdi Hosseini raised the price target on Seagate Technology (NASDAQ: STX) to $125.00 (from $110.00) while maintaining a Buy rating.

The analyst comments "STX had positively pre-announced at our Technology conference in June, so a strong June qtr report was expected... More

Seagate Technology (STX) PT Raised to $133 at Morgan Stanley

July 24, 2024 7:07 AM EDT

Morgan Stanley analyst Erik Woodring raised the price target on Seagate Technology (NASDAQ: STX) to $133.00 (from $115.00) while maintaining a Overweight rating.

The analyst comments "Despite recent outperformance, we see further room for STX shares to run as our new forecast implies... More

Seagate Technology (STX) PT Raised to $125 at Cantor Fitzgerald

July 24, 2024 6:34 AM EDT

Cantor Fitzgerald analyst C.J. Muse raised the price target on Seagate Technology (NASDAQ: STX) to $125.00 (from $120.00) while maintaining a Neutral rating.

The analyst comments "This was a very clean report. Strong beat and raise check. Significant upside to GMs led by higher ASPs check. Confidence by mgmt in HAMR qualification by Google in the September Q check. From here, all... More

Seagate Technology (STX) Tops Q4 EPS by 30c, Offers Guidance

July 23, 2024 4:10 PM EDT

Seagate Technology (NASDAQ: STX) reported Q4 EPS of $1.05, $0.30 better than the analyst estimate of $0.75. Revenue for the quarter came in at $1.89 billion versus the consensus estimate of $1.87 billion.

Business Outlook

The business outlook for the fiscal first quarter 2025 is based on our current assumptions... More