Goldman Sachs Reiterates Neutral Rating on Seagate Technology (STX)

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

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

Seagate Technology (STX) PT Raised to $130 at Citi

Citi 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

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

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 stock down as below-consensus Q2 guidance offsets Q1 beat

Investing.com -- Seagate Technology PLC (NASDAQ: STX) shares slid 5% in premarket trading Wednesday after the data storage company issued a Q2 guidance that fell short of analyst estimates.

For the fiscal Q1 that ended on Sept. 27, Seagate reported adjusted earnings per share (EPS) of $1.58, topping the consensus estimates of $1.48. Revenue came in at $2.17 billion, also above the... More

Seagate Technology (STX) Tops Q1 EPS by 13c, offers guidance

Seagate Technology (NASDAQ: STX) reported Q1 EPS of $1.58, $0.13 better than the analyst estimate of $1.45. Revenue for the quarter came in at $2.17 billion versus the consensus estimate of $2.12 billion.

The Company is providing the following guidance for its fiscal second quarter 2025:

Revenue of $2.30... More