Seagate Technology (STX) Tops Q1 EPS by 13c, offers guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/23/2026
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
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
