Seagate Technology shares have soared 385.3% over the past year, driven by strong demand for AI-related data storage from hyperscale data centers. The company reported a 34% revenue increase in fiscal 2026 and doubled net income, with analysts forecasting a 36% upside to a $1,125 price target. Key growth drivers include locked-in contracts through 2027, advanced HAMR storage technology, margin expansion, and structural AI demand. Despite a high valuation, Seagate's strong earnings growth and market position suggest it could reach $1,000 per share in 2027.
Western Digital's stock dropped 13% over the past month despite a 168% gain year-to-date, contrasting with gains in flash and DRAM memory stocks like SanDisk and Micron. The decline reflects a market shift favoring flash and DRAM over hard disk drive...
Shield Therapeutics has agreed to take full commercial control of its oral iron therapy ACCRUFeR in the US from Viatris starting September 30, without any upfront payment. Instead, Shield will pay reduced royalties on US sales over five years. This m...
