Seagate Stock News

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Morgan Stanley (NYSE: MS ) is a big name on Wall Street, and many of its analysts are truly at the top of their game. While I wouldn't blindly follow Morgan Stanley analysts, I do think they're worth listening to whenever they update their notes or ratings.

The Bitcoin ( BTC-USD ) rally appears to be over. That's not good news for these three speculative cryptos to avoid.

Wedbush now rates the disk-drive provider at Outperform.

Data storage device manufacturer Seagate Technology Holdings plc NASDAQ: STX hasn't significantly benefitted from the artificial intelligence (AI) boom. Its computer and technology sector rival Western Digital Co. NASDAQ: WDC had a dramatic 2024 reversal of fortune as losses of 46 cents transformed into profits of 40 cents, and sagging revenues turned into a 23% YOY revenue spike.

Seagate Technology Holdings plc (NASDAQ:STX ) Q3 2024 Earnings Call Transcript April 23, 2024 5:00 PM ET Company Participants Shanye Hudson - SVP, IR Dave Mosley - CEO Gianluca Romano - CFO Conference Call Participants Erik Woodring - Morgan Stanley Amit Daryanani - Evercore ISI Aaron Rakers - Wells Fargo Wamsi Mohan - Bank of America Krish Sankar - TD Cowen Steven Fox - Fox Advisors Timothy Ar...

Seagate stock was trading slightly higher late Tuesday, after the hard drive maker reported mixed March quarter results.

Seagate Technology on Tuesday forecast fourth-quarter profit above Wall Street estimates after beating earnings estimates for the most recent quarter, driven by higher demand for its memory chips from cloud customers.