Seagate Technology reported a 34% revenue increase and $3.1 billion free cash flow in fiscal 2026, driven by high demand for large-capacity hard drives from hyperscalers supporting AI infrastructure. The company beat earnings estimates for four consecutive quarters and expects continued growth, with revenue guidance of $4.1 billion and EPS of $7.30 for fiscal Q1 2027. Analysts see a 16.7% upside to a $927 price target, citing strong cloud provider commitments and a multi-year growth floor of 20%. Risks include reliance on hyperscaler spending and market volatility, but Seagate's upgraded credit rating and solid balance sheet support confidence. The stock remains a buy on pullbacks, with upside potential if AI infrastructure investment continues.
Bank of America has raised its price target for Seagate Technology to $1,200 from $1,150, citing stronger-than-expected demand for hard disk drives (HDDs). The bank forecasts first-quarter fiscal 2027 revenue at the high end of Seagate's guidance, wi...
Micron Technology and Seagate Technology stocks have surged 221% and 155% respectively in 2026, driven by robust demand for memory chips and data center storage fueled by AI expansion. Micron’s strong revenue growth and multiyear supply agreements pr...
Shares of hard-drive makers Western Digital and Seagate Technology fell last week, but Morgan Stanley remains optimistic about their upcoming earnings reports. The firm expects both companies to deliver strong financial results and solid future guida...
Micron Technology's stock dropped nearly 30% from its 52-week high, falling below a $1 trillion market value despite a 379% revenue surge driven by AI data center demand. Analysts remain optimistic, expecting tight memory supply through 2028 and over...
