On July 21, Seagate Technology rose 4.06% in pre-market trading, trading at $840.00/share, with turnover of $990,000. The stock continues to gain momentum ahead of its fiscal Q4 earnings report scheduled for July 28 after market close.

On the news front, market consensus expects quarterly revenue growth of 43.48% year-over-year with an estimated EPS of $4.89, up significantly from the prior quarter's $3.92. Multiple investment banks have recently raised their price targets: JPMorgan lifted its target to $1,095 from $920 maintaining an Overweight rating, Citigroup raised to $1,240 from $1,150 with a Buy rating, BNP Paribas adjusted to $1,050 from $860 maintaining Outperform, and Wells Fargo raised to $1,100. Additionally, Seagate showcased its Mozaic-based AI data storage solutions at the WAIC conference on July 19, reinforcing expectations for AI-driven demand for high-capacity HDDs in data center and edge scenarios.

Within the Technology Hardware, Storage & Peripherals sector, storage stocks showed broad strength, with SanDisk up 6.91%, Western Digital up 5.07%, Dell Technologies up 2.74%, and Super Micro Computer up 2.31%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)