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Seagate Technology stays a 'Buy' as HAMR tech boosts margins and growth potential.

Company Fundamentals
28 Mar 2026
Seeking Alpha
View Source
Bullish
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Seagate Technology Holdings reported strong Q2 2026 results with 21.5% revenue growth and a 53% increase in earnings per share, driven by the adoption of HAMR technology. This innovation is expanding the company's profit margins and creating a competitive edge, with new product platforms ramping up and expected to surpass older models by mid-2026. Analyst Danil Sereda values the stock as over 40% undervalued, projecting a 43% upside potential despite market risks. The positive outlook supports maintaining a 'Buy' rating for Seagate shares.

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