Notably, Evercore ISI has assigned STX stock a high price estimate of $330 and an “Outperform” rating. Evercore stated that Seagate's improved pricing discipline and technical advancements, such as Heat-Assisted Magnetic Recording (HAMR), are altering the competitive landscape and paving the way for a multi-year upcycle. Analysts at the firm say the HDD sector is now "on a path to transformation," with expanding margins, improved supply dynamics, and increased significance in the AI-driven data economy all ...

When Hewlett Packard Enterprise (HPE) hosts an investor day on Wednesday, Wall Street analysts will be looking for its long-term outlook in the wake of its acquisition of Juniper Networks as well as updates on its artificial intelligence strategy. HPE stock hit an all-time high last week amid raised expectations. "We expect long-term revenue growth targets to increase mid to high single digits given Juniper combination and continued demand observed across the segments while its AI business continues to perf ...