Seagate stock down as below-consensus Q2 guidance offsets Q1 beat
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Seagate Technology (STX) PT Raised to $140 at Rosenblatt
October 23, 2024 7:04 AM EDTRosenblatt 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 EDTGoldman 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 $130 at Citi
October 23, 2024 6:02 AM EDTCiti analyst Asiya Merchant raised the price target on Seagate Technology (NASDAQ: STX) to $130.00 (from $125.00) while maintaining a Buy rating.
The analyst comments "Seagate delivered results above expectations driven by improving demand for higher capacity drives as well as favorable pricing. Management expects... More
Seagate Technology (STX) PT Raised to $135 at Evercore ISI
October 23, 2024 5:56 AM EDTEvercore 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 EDTEvercore 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
