Benchmark Downgrades Seagate (STX) and Western Digital (WDC) on Weak Outlook
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Seagate Technology (STX) PT Lowered to $93 at BofA Securities
September 1, 2022 5:11 AM EDTBofA Securities analyst Wamsi Mohan lowered the price target on Seagate Technology (NASDAQ: STX) to $93.00 (from $110.00) while maintaining a Buy rating.... More
Seagate Technology (STX) PT Lowered to $72 at Deutsche Bank
September 1, 2022 3:29 AM EDTDeutsche Bank analyst Sidney Ho lowered the price target on Seagate Technology (NASDAQ: STX) to $72.00 (from $75.00) while maintaining a Hold rating.... More
Seagate Technology (STX) PT Lowered to $97 at Stifel
September 1, 2022 3:24 AM EDTStifel analyst Patrick Ho lowered the price target on Seagate Technology (NASDAQ: STX) to $97.00 (from $120.00) while maintaining a Buy rating.... More
Seagate Technology (STX) PT Lowered to $74 at Credit Suisse
August 31, 2022 5:52 PM EDTCredit Suisse analyst Shannon Cross lowered the price target on Seagate Technology (NASDAQ: STX) to $74.00 (from $80.00) while maintaining a Neutral rating.... More
Seagate Technology (STX) PT Lowered to $75 at Mizuho Securities
August 31, 2022 5:24 PM EDTMizuho Securities analyst Vijay Rakesh lowered the price target on Seagate Technology (NASDAQ: STX) to $75.00 (from $83.00) while maintaining a Neutral rating following lower guidance.
The analyst commented, "STX today lowered its guidance for SepQ Rev from $2.5B to $2.1B and EPS to... More
Seagate (STX) Lowers FQ1 Outlook to Reflect a 'Worsening Macroeconomic Backdrop'
August 31, 2022 9:02 AM EDTSeagate Technology (NASDAQ: STX) announced today that it is slashing its outlook for its fiscal first quarter as it continues to operate in a worsening macro-economic environment. Shares are down 6% in premarket Wednesday.
Seagate now forecasts revenue in the range of $2 billion to $2.2 billion, which is down from the prior outlook of... More
