
NASDAQ:STX
This summary was created by AI, based on 5 opinions in the last 12 months.
Seagate Technology (STX-Q) is currently facing mixed reviews from experts in the market. Some analysts express concern about the company's high price-to-earnings (PE) ratio, suggesting it is too pricey at 50x 2027's PE, while others highlight its strong pricing power due to robust demand for memory storage. Recent trends indicate that shares have surged significantly, with one expert noting a spike of 19% in a single day attributed to the ongoing storage shortage. Additionally, there is cautious optimism ahead of an upcoming earnings report, with the anticipation that the company can meet or exceed expectations despite the high stock price. With the stock up 63% this year and one of the top performers in the S&P, some analysts remain wary of its valuation, suggesting that it may be too high given current performance metrics.
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.