Seagate Technology Holdings (STX) has "significant" upside to revenue and earnings-per-share estimates over the next three years, driven by the rollout of heat-assisted magnetic recording, BofA Securities said Monday in a report.
"We believe that Street expectations have not yet accounted for the effect of Seagate's HAMR ramp," BofA said, projecting 2027 EPS of $15 a share as 40-terabyte drives enter volume production.
The Street's current 2026 revenue estimate is almost $1 billion below BofA's analysis, and profitability estimates "are also low," according to the report.
"The Street is underestimating STX's ability to step up profitability with areal density," the firm said.
BofA raised its price objective on Seagate stock to $165 from $145 and maintained its buy rating.
Seagate shares rose 1.5% in recent trading Monday.
Price: 149.36, Change: +2.18, Percent Change: +1.48
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。