Why Seagate Technology Stock Was Winning This Week
So far this earnings season, one of the top beneficiaries of analyst price target raises has been computer storage specialist Seagate Technology (NASDAQ: STX). Week-to-date as of late Thursday night, the company's shares were up by almost 15%, according to data compiled by S&P Global Market Intelligence, thanks to a number of hikes after the company published its latest earnings release.
On Tuesday, Seagate unveiled its first quarter of fiscal 2026 figures. These showed that the tech hardware company's revenue ballooned by 21% year over year to $2.63 billion for the period. That was well higher than the $2.55 billion consensus analyst estimate.
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Source Fool.com
