
STX Stock Forecast & Price Target
STX Analyst Ratings
Bulls say
Seagate Technology Holdings reported a strong financial performance with a March quarter revenue guidance of $2.9 billion, reflecting a 3% quarter-over-quarter increase and a significant 34% year-over-year growth at the midpoint. The company experienced robust demand in its Data Center segment, which grew to $2.22 billion, representing 79% of total revenue and influenced by sustained strength from global cloud customers and enterprise markets. Additionally, Seagate's free cash flow per share soared by 40% quarter-over-quarter and 281% year-over-year to $2.69, indicative of the company's operational efficiency and effective cost management strategies.
Bears say
Seagate Technology Holdings is facing a negative outlook primarily due to disappointing shipment figures for both Overall EB and Nearline EB, which fell short of the reported revenue growth of 7% quarter-over-quarter. Despite achieving a solid non-GAAP EPS of $3.11 that exceeded guidance, the company's operational expenditures have remained flat while revenue growth continues to trail behind at just 3%, indicating potential inefficiencies in resource allocation. Furthermore, concerns about oversupply in the market and the company's revealed guidance suggest inadequate visibility, raising questions about sustained profitability and the potential for margin degradation moving forward.
This aggregate rating is based on analysts' research of Seagate Technology Holdings PLC and is not a guaranteed prediction by Public.com or investment advice.
STX Analyst Forecast & Price Prediction
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