
NASDAQ:STX
This summary was created by AI, based on 5 opinions in the last 12 months.
Seagate Technology, symbol STX-Q, finds itself in a complex situation amidst a rising demand for storage solutions. While experts acknowledge its strong pricing power due to memory shortages, concerns about high valuation persist, particularly as shares trade at a significant PE ratio. The company's performance has been impressive, with a notable increase of up to 63% this year, although some analysts caution against its already elevated pricing metrics. As the company prepares to report its earnings, expectations are high for a strong performance to maintain momentum in its stock price. The varied opinions highlight a blend of optimism regarding future potential and caution about current 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.