Seagate Technology Holdings PLC (NASDAQ:STX) shares traded higher Monday ahead of the company’s scheduled Oct. The company also announced a storage interoperability milestone after Broadcom Inc.
(NASDAQ:AVGO) approved Seagate’s HAMR-based Mozaic drives as the first and only SMR drives for its host bus adapter, while Microsoft Corp. (NASDAQ:MSFT) Azure Storage qualified the configuration for hyperscale deployments.
• Seagate Technology Hldgs shares are powering higher. ”Analysts Split Ahead of EarningsThe storage announcement comes one day before Seagate’s scheduled Oct.
63 billion last year. Bank of America Securities maintained Buy and raised its target to $1,200 from $1,150 on Oct.
21, while Morgan Stanley raised its price target to $1,200 and maintained Overweight on Oct. 56% over the past 12 months.
7% of its 52-week range. 44) — The stock’s longer-run tape is still acting like a leader despite the recent pullback versus key moving averages.
3) — The market is pricing in a lot of optimism, leaving less room for error if growth expectations cool. 82) — The profile implies investors are paying up for expected expansion, consistent with AI/cloud infrastructure narratives.
36 at the time of publication on Monday, according to Benzinga Pro data. Read Also: Western Digital Is Down 55% From Its June Peak.
Can DRAM and SOXX ETFs Hold Up?
