美存储概念“热股”希捷科技暴涨近20%，亮眼业绩被华尔街点赞

Core Viewpoint - Seagate Technology Holdings has experienced significant stock price growth, with a 19.11% increase on October 30, reaching $265.62, driven by strong demand for data storage due to AI and cloud computing [1][3]. Financial Performance - The company reported adjusted earnings per share of $2.61 for the first fiscal quarter, exceeding analyst expectations of $2.40, with revenue of $2.63 billion, a 21% year-over-year increase, surpassing the forecast of $2.55 billion [3][4]. - Gross margin improved to 39.4% from 32.9% year-over-year, while operating margin rose to 26.4% from 18.6% [4]. Future Guidance - Seagate forecasts revenue for the second fiscal quarter to be around $2.70 billion, slightly above analyst expectations of $2.67 billion, with projected earnings per share of $2.75 [5][4]. Analyst Sentiment - Analysts from Morgan Stanley and Benchmark Equity Research have expressed positive outlooks, with Morgan Stanley raising its target price from $265 to $270, citing strong gross margin performance [6][7]. - Benchmark Equity Research also increased its target price from $250 to $255, reflecting optimism about the company's growth prospects [8]. Market Dynamics - The demand for cloud computing and AI-integrated personal computers is driving Seagate's growth, with current order backlogs extending into 2027 [7]. - Despite some skepticism from Susquehanna International Group regarding the cyclical nature of the storage industry, they acknowledged Seagate's solid execution and raised their target price from $80 to $150 [10].