On July 22, Seagate Technology PLC rose 3.05% in regular trading, trading at 918.82 USD/share, with turnover of $1.112 billion.

On the news front, Seagate is scheduled to report earnings on July 28 after market close, with consensus expectations calling for revenue growth of 43.48% year-over-year and EPS of $4.89. Multiple investment banks recently raised their price targets: JPMorgan lifted its target from $920 to $1,095 maintaining an Overweight rating, while BNP Paribas raised its target from $860 to $1,050 maintaining an Outperform rating. The average analyst target stands at $1,015.59.

Additionally, Seagate recently showcased its Mozaic technology-based AI data storage solutions at the WAIC conference, focusing on data center and edge computing scenarios, reinforcing market expectations for AI-driven large-capacity HDD demand. Last quarter, the company reported revenue of $3.112 billion with adjusted EPS of $4.10, representing 115.79% year-over-year growth.

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