Seagate Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call - Seagate Technology Hldgs (NASDAQ:STX)

Core Viewpoint - Seagate Technology is expected to report significant growth in earnings and revenue for its fiscal first quarter, indicating a positive outlook for the company [1]. Financial Performance - Seagate is projected to report earnings of $2.4 per share for the fiscal first quarter, an increase from $1.58 per share in the same period last year, reflecting a year-over-year growth of approximately 52.5% [1]. - The consensus estimate for Seagate's quarterly revenue is $2.55 billion, up from $2.17 billion a year earlier, representing a year-over-year increase of about 17.5% [1]. Analyst Ratings and Price Targets - UBS analyst Timothy Arcuri maintained a Neutral rating and raised the price target from $155 to $235 [4]. - Mizuho analyst Vijay Rakesh maintained an Outperform rating and increased the price target from $245 to $280 [4]. - Loop Capital analyst Ananda Baruah maintained a Buy rating and boosted the price target from $200 to $350 [4]. - Wedbush analyst Matt Bryson maintained an Outperform rating and raised the price target from $175 to $260 [4]. - Citigroup analyst Asiya Merchant maintained a Buy rating and increased the price target from $215 to $250 [4].