Seagate Technology (STX) Analysts Favor Long-Term Growth Potential
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowSeagate Technology (STX) reported better-than-expected results for Q3 FY26, prompting TD Cowen analyst Krish Sankar to raise his price target from $500 to $850. The company's FY26 Q4 earnings per share estimate is $5, exceeding Street expectations by 25%. Additionally, Marvell Technology (MRVL) is positioned to benefit from a $100 billion deal between Amazon and Anthropic for AWS technologies. Analyst Srini Pajjuri reaffirmed a buy rating on Marvell, indicating optimized prospects for both firms, particularly in the AI-driven markets.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Seagate Technology (STX)
Seagate Technology makes hard-disk-drive data storage.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier STX news
- Seagate (STX) Stocks Move Midday Amid Notable Market Trends
- S&P 500 Futures Flat Amid Oil Rise and Fed Decision
- Seagate (STX), Robinhood (HOOD) Stocks Making Premarket Moves
- Seagate (STX), Bloom Energy (BE), Teradyne (TER) Lead Earnings Results
- Seagate (STX) Stock Rating Upgraded by Barclays on Pricing Outlook
Get the weekly market brief
One email every Monday: what moved, why, and what to watch. Free, unsubscribe anytime.
Get stories like this as they break
Our Telegram channel posts every market story the moment it is published. Free, and you can mute or leave anytime.
