Seagate Launches New E-commerce Website in the United States
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Evercore ISI Starts Seagate Technology (STX) at Outperform, 'It’s HAMR Time'
February 27, 2024 6:01 AM ESTEvercore ISI analyst Amit Daryanani initiates coverage on Seagate Technology (NASDAQ: STX) with a Outperform rating and a price target of $110.00.
THe analyst comments "We are initiating on STX with an OP rating and $110 price target as we think not just the Hard Disk Drive (HDD) industry, but Seagate specifically is positioned to benefit from a combination of: 1) Cyclical recovery with Hyperscalers & beyond, 2) margin expansion as Heat Assisted Magnetic Recording (HAMR) technology scales up, 3) more disciplined HDD marketplace, and... More
