Seagate forecasts third-quarter revenue below estimates on slow PC market rebound
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Seagate Technology (STX) PT Raised to $160 at Northland
January 22, 2025 6:55 AM ESTNorthland analyst Gus Richard raised the price target on Seagate Technology (NASDAQ: STX) to $160.00 (from $144.00) while maintaining a Outperform rating.
The analyst comments "STX reported an upside in earnings driven by higher GM. We expect further GM expansion driven by its areal density roadmap,... More
Baird Reiterates Outperform Rating on Seagate Technology (STX)
January 22, 2025 4:49 AM ESTBaird analyst Tristan Gerra reiterated an Outperform rating and $120.00 price target on Seagate Technology (NASDAQ: STX)
The analyst comments "Hyperscaler capex is poised to increase further this year. Nearline EB shipments exceeded for the first time the F4Q22 peak, increasing 77% YoY.... More
Summit Insights Upgrades Seagate Technology (STX) to Buy 'on the upcoming HAMR technology transition'
January 22, 2025 4:31 AM ESTSummit Insights analyst Kinngai Chan upgraded Seagate Technology (NASDAQ: STX) from Hold to Buy.
The analyst comments "We are upgrading STX to a buy as we expect its HAMR HDD to drive upside to its gross margin in 2H25. We expect the current... More
