Seagate Technology Holdings PLC

STX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$62.00	Wlfrr	Jnlzkxnb

Seagate's Q1 Gives Us Greater Confidence in Short-Term HDD Profitability; FVE Up to $80

William Kerwin

Oct 22, 2021

No-moat Seagate Technology reported fiscal first-quarter results in line with company guidance. We've raised our fair value estimate to $80 per share from $75 as we expect the firm to sustain strong profitability throughout the fiscal year. We continue to view the shares as fairly valued and would recommend a greater margin of safety before investing.

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