$Seagate Technology PLC(STX)$ Morgan Stanley keeps an Overweight rating with a $1,148 target, while Baird raised its target 25% to $1,350. Bank of America sits at $1,200.
Seagate just posted $4.23B in quarterly revenue and adjusted EPS of $7.68. Baird is also projecting FY2027 exabyte growth above 25%.
Short-term expectations are being debated, but AI infrastructure keeps driving heavy demand for data storage. The bigger picture still looks bullish to me.
$Western Digital(WDC)$ $SanDisk Corp.(SNDK)$ $Micron Technology(MU)$ $SK hynix(SKHY)$
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