Form 4 Seagate Technology Holdi For: Oct 19 Filed by: Haggart Dylan G.

Go back to Form 4 Seagate Technology Holdi For: Oct 19 Filed by: Haggart Dylan G.

Seagate Technology (STX) PT Raised to $140 at Rosenblatt

October 23, 2024 7:04 AM EDT

Rosenblatt analyst Kevin Cassidy raised the price target on Seagate Technology (NASDAQ: STX) to $140.00 (from $125.00) while maintaining a Buy rating.

The analyst comments "Seagate delivered a beat-n-raise earnings report driven by robust Nearline drive demand from Cloud customers. Adding to this was a... More

Goldman Sachs Reiterates Neutral Rating on Seagate Technology (STX)

October 23, 2024 6:16 AM EDT

Goldman Sachs analyst Toshiya Hari reiterated a Neutral rating and $112.00 price target on Seagate Technology (NASDAQ: STX).

The analyst comments "Supported by sustained strength in Nearline HDD, Seagate delivered FY1Q (Sept) results and FY2Q (Dec) guidance that modestly exceeded prior Street expectations, including FY1Q non-GAAP... More

Seagate Technology (STX) PT Raised to $135 at Evercore ISI

October 23, 2024 5:56 AM EDT

Evercore ISI analyst Amit Daryanani raised the price target on Seagate Technology (NASDAQ: STX) to $135.00 (from $125.00) while maintaining a Outperform rating.

The analyst comments "ALL YOU NEED TO KNOW: STX reported impressive upside to Septqtr results with rev/EPS of $2.17B/$1.58 vs. consensus at $2.13B/$1.48. Revenue growth was +49% y/y with HDD sales of $2.0B (+55% y/y) and SSD/Systems sales of $164M (+3% y/y). Gross margins expanded to 33.3% (+240bps q/q) vs. Street at 32.0% and included no underutilization charges (vs. $20M in June-qtr).... More

Seagate Technology (STX) PT Raised to $135 at Evercore ISI

October 23, 2024 5:56 AM EDT

Evercore ISI analyst Amit Daryanani raised the price target on Seagate Technology (NASDAQ: STX) to $135.00 (from $125.00) while maintaining a Outperform rating.

The analyst comments "ALL YOU NEED TO KNOW: STX reported impressive upside to Septqtr results with rev/EPS of $2.17B/$1.58 vs. consensus at $2.13B/$1.48. Revenue growth was +49% y/y with HDD sales of $2.0B (+55% y/y) and SSD/Systems sales of $164M (+3% y/y). Gross margins expanded to 33.3% (+240bps q/q) vs. Street at 32.0% and included no underutilization charges (vs. $20M in June-qtr).... More