Analyst Ming-Chi Quo Out With A Report 'The Worst Of Seagate Is About To Pass, And The Stock Could Benefit From A Resumption Of QoQ And YoY Growth In HDD Shipments Starting In Q4' - Medium
Portfolio Pulse from Happy Mohamed
Analyst Ming-Chi Quo predicts that Seagate's hard disk drive (HDD) shipments will stabilize in Q3 2023 and grow by 5-10% in Q4 2023. This growth is attributed to the recovery of server demand, bottoming out of PC demand, and a lower shipment base in Q4 2023. The analyst suggests that the worst is over for Seagate and the stock could benefit from this change.
September 01, 2023 | 3:34 pm
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POSITIVE IMPACT
Seagate's stock could benefit from the predicted growth in HDD shipments in Q4 2023, as per analyst Ming-Chi Quo. The worst is believed to be over for the company.
The analyst's prediction of growth in Seagate's HDD shipments indicates a positive outlook for the company. This could lead to increased investor confidence and a potential rise in the company's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100