Seagate Technology Holdings Plc (STX) has found itself in the spotlight with analysts naming it a top-tier investment in data storage stocks. Seagate's strategic acquisition of Intevac is seen as a valuable move, contributing to its fair valuation. Many financial gurus have pegged STX one of the top data center and computer hardware stocks to invest in, despite arguments from critics like Jim Cramer who assert the stock is 'cheap for a reason'. The potential for strong earnings growth by 2025 is also making STX an appealing bet. The tech stock saw a bullish surge last week, likely due to optimistic analyst reviews and strong dividends. Seagate's recent Q2 results yielded upgrade to a 'Buy' status by Benchmark, driven by robust cloud demand. STX is purported to be undervalued, making it an attractive option for investors looking for affordable yet promising tech stocks. Furthermore, the company anticipates an eps of $1 in Q1 2025 and revenue of $2.33 billion in Q2 2025. Their revolutionary 36TB Hard Drives achieved with HAMR technology and AI integration promises a bright future for Seagate ahead.
Seagate Technology Holdings Plcs STX News Analytics from Mon, 08 Aug 2016 08:18:26 GMT to Fri, 04 Apr 2025 05:17:23 GMT -
Rating 7
- Innovation 5
- Rumor -4
