Seagate: Storage Pricing Concerns Are Overblown, Buy The Dip And Capture A 3.3% Yield
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Seagate Technology has lost 25% of its value from YTD peaks, presenting a buying opportunity. The company's focus on HDDs positions it well amidst market turmoil affecting NAND flash memory prices. Over 90% of Seagate's revenue comes from HDDs, which have seen rising ASPs.
December 28, 2024 | 9:30 am
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Seagate Technology's stock has dropped 25% from YTD peaks, offering a buying opportunity. The company's focus on HDDs, which have rising ASPs, positions it well amidst NAND flash market turmoil.
Seagate's significant revenue from HDDs, which are seeing rising ASPs, positions it well compared to peers like Western Digital, which have more exposure to NAND flash. This makes Seagate a potentially attractive buy as its stock price has dropped significantly.
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