6 hours ago
With a net profit margin of 21.60%, Seagate Technology Holdings plc (NASDAQ:STX) is included among the 12 Most Profitable American Stocks to Buy in 2026.
Seagate Technology Holdings plc (NASDAQ:STX) is a leader in mass-capacity data storage. The company has delivered more than four billion terabytes of capacity over the past four decades.
On June 15, Morgan Stanley upped its price target on Seagate Technology Holdings plc (NASDAQ:STX) from $767 to $1,035, while keeping an 'Overweight' rating on the shares. The target boost indicates a slight upside of over 1% from the current levels.
According to Morgan Stanley, its recent Asian market checks over the last three weeks clearly indicate that the hard disk drive (HDD) cycle is lasting longer than previously projected. The firm believes that HDD shortages are likely to persist through at least 2028. The findings also indicate that HDD pricing is strengthening clearly and significantly.
Seagate Technology Holdings plc (NASDAQ:STX) is expecting its June quarter revenue to be around $3.45 billion, plus or minus $100 million, while its adjusted EPS is projected at $5, plus or minus $0.20. Meanwhile, the company is targeting an operating margin in the lower 40% range. Moreover, Seagate remains confident in increasing its annual revenue growth target from the low to mid-teens to a minimum of 20% over the next few years.
Seagate Technology Holdings plc (NASDAQ:STX) is a leader in mass-capacity data storage. The company has delivered more than four billion terabytes of capacity over the past four decades.
On June 15, Morgan Stanley upped its price target on Seagate Technology Holdings plc (NASDAQ:STX) from $767 to $1,035, while keeping an 'Overweight' rating on the shares. The target boost indicates a slight upside of over 1% from the current levels.
According to Morgan Stanley, its recent Asian market checks over the last three weeks clearly indicate that the hard disk drive (HDD) cycle is lasting longer than previously projected. The firm believes that HDD shortages are likely to persist through at least 2028. The findings also indicate that HDD pricing is strengthening clearly and significantly.
Seagate Technology Holdings plc (NASDAQ:STX) is expecting its June quarter revenue to be around $3.45 billion, plus or minus $100 million, while its adjusted EPS is projected at $5, plus or minus $0.20. Meanwhile, the company is targeting an operating margin in the lower 40% range. Moreover, Seagate remains confident in increasing its annual revenue growth target from the low to mid-teens to a minimum of 20% over the next few years.
