Seagate Surges with Strong Growth and Strategic Moves

Published 1 days agoSTX

Seagate Surges with Strong Growth and Strategic Moves

Seagate Technology Holdings PLC has recently impressed the technology sector with its robust financial performance for Q3 2025. The company reported a revenue of $2.16 billion, marking a 31% increase compared to the same period last year. Additionally, earnings per share reached $1.90, exceeding analyst expectations, according to reporting by AInvest. This financial success has led to a surge in Seagate's stock price.

Following these strong results, financial institutions have been quick to reassess their views on Seagate, leading to numerous price target revisions. Morgan Stanley raised its target to $134 while maintaining an 'overweight' rating. Meanwhile, Mizuho Securities adjusted its target to $115, and Citi set theirs at $125. Such upgrades reflect growing optimism among analysts regarding Seagate's strategic direction and financial prospects.

Seagate’s focus on technology and acquisition strategies further supports its upward trajectory. The company continues to develop its Heat-Assisted Magnetic Recording (HAMR) technology, with plans to significantly increase storage capacities by 2028. Additionally, the acquisition of Intevac for $119 million enhances Seagate's production capabilities, reinforcing its growth initiatives. As of May 31, 2025, Seagate's stock is valued at $117.94, indicative of strong market confidence in the company's future.

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