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Seagate Technology Holdings plc (STX)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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the price of chia cryptocurrency has collapsed from a high of around $1300 when the news caused the big rally in STX from the mid $80's to over $100 a share. A recent quote of Chia is now around $400 , which is a small fraction of the high that caused all the disk drive excitement.
Susquehanna Financial Group's Mehdi Hosseini raised his rating on STX from $58 to $100.
I don't get it. Why is $STX getting a forward PE of 15 while $WDC is only getting 10? Is Seagate up for sale?
Seagate ships about 500 EiB of storage annually from what I can tell. Chia network is currently adding 1eib evey day. If this rate carries on that would be in excess of 50% Seagate’s normal annual sales in 2021. Of course it’s not all new storage, and WDC/Toshiba will take their share, but still.... this has to be a boon for STX and WDC
I am not surprised that after an upgrade, a raised guidance, and a NASDAQ rally for 2 weeks, this stock just can not avoid a red day. I am looking forward to the newer investors not "selling the news" every. single. day.
Target Raised by Deutsche Bank Hold USD 80 » USD 95
Target Raised by Citigroup Positive » Neutral USD 85 » USD 100
Target Raised by Rosenblatt Securities Buy USD 95 » USD 110
Target Raised by Barclays Underweight USD 70 » USD 85
Target Raised by Morgan Stanley Overweight USD 98 » USD 114
Well, in my many decades of being in the market , I must say , that the action in STX looks like a full blown short squeeze. Glad I bought some at sub $85 last week. Because short covering during a short squeeze is not sustainable buying, today for the first time I am considering selling some of my trading shares of STX. Alternatively , selling some calls against the long stock. Would hate to be on the wrong side of the short squeeze , but realize that is only for the moment, at some point STX will likely have a very sharp downward correction .
STX up 5% - between $103 - $104.50 this morning. Yay! Anyone know what's causing the stock to rise? 2ndQ earnings will be announced 7/28 - too far away to be a factor.
What is the first thing everyone should do when deciding to view this board? Mute Osulinnn.
Seagate, Western Digital stocks soar as Morgan Stanley predicts crypto tailwind
May 14, 2021 11:38 AM ET
Dante.....You have it right. Crypto is all fine and good but the wrong way to invest in STX.. The HDD and SDD scarcity is growing and STX is taking market share from WDC as well as others. STX has all the raw material it needs to meet higher demand for it's products while the others do not. The next couple of earnings reports this year shall bear that out, but WDC shipments are flat while those from STX are growing steadily.
WDC is better value than Stx ...based on analyst
2021-05-18 11:43:00 GMT DJ Western Digital Price Target Raised to $90.00/Share From $88.00 by Mizuho
It looks like all hard drive manufacturers are already like chip makers. We already have ssd skyrocketing prices. New proof of time and space cryptocurrencies create huge demand.
having followed STX for decades since its IPO, I have seen a few things. And the action this year , though extreme is not without precedent. I have posted that STX's fundamentals are aligned in a positive fashion , however they really did not justify the level of investor over exuberance, and the stock clearly got ahead of itself with the strong move above $90 and to the new all time high of $97.12 achieved in a short covering panic last thur april29. I wil be inclined to wait for the correction to proceed before considering taking or adding long positions, as even at $88, the valuation still seems a bit stretched.
why is STX share price going up today? Have not been following lately.
up to 200 in july
I'm no financial genius but if they start making money like never before they could pay down some of that debt of about 5 billion. The debt to equity is just a tad over 1000 and that's kind of high. What downsides are there to having low debt? (just asking)
7:42 am ET May 18, 2021 (Benzinga) Print
Mizuho analyst Vijay Rakesh maintains Seagate Technology (NASDAQ:STX) with a Neutral and raises the price target from $83 to $88.
Earning is going to be great, Also remember there is going to be many buys to take advantage of the .67 Dividend with Ex-Dividend date 5/11
upgrades coming, only down from negative sentiment of trading day. Great numbers, price targets going up.
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