Seagate Reports Solid Q2, Analyst Optimistic About Advanced HAMR Technology Impact In 2025

Cantor Fitzgerald analyst C.J. Muse expressed views on Seagate Technology Holdings PLC‘s STX second-quarter results while retaining a Neutral rating and a price target of $120.Yesterday, the company reported second-quarter FY25 revenue of $2.33 billion, beating the consensus.Seagate expects third-quarter adjusted EPS of $1.70 at the midpoint, against the analyst’s previewed estimate of ~$1.60. It also expects revenue of $2.10 billion at the midpoint versus the analyst’s previewed estimate of $2.10 billion.T ...