Goldman Sachs Reiterates Neutral Rating on Seagate Technology (STX)
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Seagate Technology (STX) PT Raised to $140 at Rosenblatt
October 23, 2024 7:04 AM UTCRosenblatt 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
October 23, 2024 6:02 AM UTCCiti 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 UTCEvercore 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 UTCEvercore 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
October 23, 2024 5:45 AM UTCInvesting.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... More
Seagate Technology (STX) Tops Q1 EPS by 13c, offers guidance
October 23, 2024 5:27 AM UTCSeagate 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
