
STX Stock Forecast & Price Target
STX Analyst Ratings
Bulls say
Seagate Technology Hldgs is on track to see continued growth and profitability, with strong third quarter results and a projected increase in revenue and EPS for the next fiscal year. The company is poised to further strengthen its position in the data storage market through partnerships with major cloud and hyperscale customers and maintaining high margins. With potential for accelerated earnings growth in the future, Seagate appears to be a good investment opportunity.
Bears say
Seagate Technology Hldgs is seeing significant growth in its nearline Exabytes shipped, which is being driven by strong demand from hyperscale cloud customers. However, the company's guidance for the June quarter indicates better than expected gross margins and modest operating expense leverage, which could suggest potential supply constraints. Additionally, the company's accounts payable decreased quarter over quarter, which may indicate potential cash flow issues.
This aggregate rating is based on analysts' research of Seagate Technology Holdings PLC and is not a guaranteed prediction by Public.com or investment advice.
STX Analyst Forecast & Price Prediction
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