
NASDAQ:STX
This summary was created by AI, based on 5 opinions in the last 12 months.
Seagate Technology (STX-Q) has garnered mixed reviews from experts following recent fluctuations in the memory storage market. While some analysts criticize the company's high price-to-earnings (PE) ratio at 50x for 2027, others highlight a significant surge in share value, with a noteworthy increase of 25% this year alone. The demand for data storage solutions is reportedly outpacing supply, leading to concerns that Seagate cannot produce disk drives quickly enough, which might pose a risk to future growth. However, the company exhibits strong pricing power amid a storage shortage, with some experts expressing optimism ahead of its earnings report. As stakeholders await performance updates, the sentiment is cautiously optimistic despite high valuations.
Hard drives for PCs. At $26-$26.50, this is right on very strong technical support. The upside potential (FMV) is 100% higher than where it is right now. However, earnings forecasts are in full retreat. Stock is cheap, but fundamentals are not supporting it. If it does not hold at the $26-$26.25 area, don’t continue to Hold, as it could drop to $18, and maybe as low as $15. It is kind of a value trap.
Likes what is going on in technology and in their space in general with video. The “over the top guys” are forcing cable and telco companies to really go head to head. This company is like an arms dealer to the war that is about to take place. Technology will likely drive who is going to win that adoption race.