Evercore Lifts Seagate Price Target to $450 After Strong Quarterly Results
Evercore ISI increased its price target on Seagate Technology (STX) to $450 from $330 and maintained an Outperform rating after the company posted fiscal Q2 results that beat analyst estimates. Seagate reported revenue of $2.83 billion and EPS of $3.11, driven by a 21.5% revenue rise and an exabyte shipment gain of 26% year-over-year to 190 exabyte…