Seagate Technology (STX) Analysts Favor Long-Term Growth Potential

AI Summary

Seagate 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.