Seagate Technology Positioned to Deliver 'Strong' Fiscal Q2 Results, BofA Securities Says

MT Newswires Live

Jan 21

Seagate Technology (STX) is poised to deliver "strong" fiscal Q2 financial results, driven by data center revenue and seasonal improvement in its consumer and video and image analytics segments, BofA Securities said in a note Tuesday.

The investment firm estimates fiscal Q2 earnings per share of $2.85 and revenue of $2.78 billion for the company, above consensus and in the upper half of guidance.

BofA Securities also said it expects Seagate's gross margins to improve sequentially in each quarter of fiscal 2026. The company could also outperform its long-term incremental margins target of 50%, BofA added.

Seagate Technology is set to release its fiscal Q2 results on Jan. 27.

BofA Securities raised its price target on Seagate Technology to $400 from $320, while maintaining its buy rating.

Price: 331.00, Change: +4.72, Percent Change: +1.45

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The company could also outperform its long-term incremental margins target of 50%, BofA added.</p><p>Seagate Technology is set to release its fiscal Q2 results on Jan. 27.</p><p>BofA Securities raised its price target on Seagate Technology to $400 from $320, while maintaining its buy rating.</p><p>Price: 331.00, Change: +4.72, Percent Change: +1.45</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4512","symbol_name":"苹果概念","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2605811732","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2605811732","pubTimestamp":1768924945,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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