Crypto
Seagate Surges on Blowout Earnings, Analysts Raise Targets
Seagate Technology (STX) stock surged 6.3% on Friday after the company's blowout quarterly earnings report.
The tech firm reported revenue of $3.63 billion, a 48.5% year-over-year increase, and EPS of $5.71, beating estimates by $0.61.
Seagate guided Q1 2027 EPS to $7.10-$7.50, significantly above analyst expectations.
Several analysts raised their price targets, with Rosenblatt setting the highest at $1,400 and Barclays increasing its target to $1,250.