Seagate Technology (STX) Gaining on Unprecedented AI-Driven Demand

​Recently, connected June 2, Citi raised the terms people connected Seagate Technology Holdings plc (NASDAQ:STX) from $740 to $1,150 and maintained a Buy standing connected the shares. The steadfast noted that they person raised the net estimates for the hard disk thrust spaces owed to resilient AI-driven request and disciplined manufacture proviso management. The steadfast believes that these factors are going to assistance the institution support its pricing power.

​That said, Seagate Technologies topped Wall Street expectations during its fiscal Q3 2026 net release. The institution posted $3.11 cardinal successful gross and $4.10 successful adjusted EPS, some metrics topped the expectations of $2.96 cardinal and $3.53, respectively. Management raised its semipermanent yearly gross maturation people to astatine slightest 20% and projected Q4 2026 EPS of astir $5.00, good supra erstwhile expert forecasts.

​Seagate Technology Holdings plc (NASDAQ:STX) is simply a planetary person successful information retention technology, developing, manufacturing, and distributing hard disk drives, solid-state drives, and mass-capacity retention systems for enterprise, cloud, and user markets.

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