These Analysts Boost Their Forecasts On Seagate After Better-Than-Expected Earnings
Portfolio Pulse from Avi Kapoor
Seagate Technology Holdings PLC (NASDAQ:STX) reported better-than-expected Q4 earnings and issued strong Q1 guidance. Analysts have raised their price targets following the announcement.
July 24, 2024 | 12:57 pm
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Seagate Technology reported Q4 earnings of $1.05 per share, beating the consensus estimate of 75 cents. Revenue was $1.890 billion, also above estimates. The company issued strong Q1 guidance, expecting revenue of approximately $2.1 billion and adjusted earnings of $1.40 per share. Analysts have raised their price targets following the announcement.
Seagate's better-than-expected Q4 earnings and strong Q1 guidance indicate robust financial health and growth potential. Analysts raising their price targets further supports a positive short-term outlook for the stock.
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