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Seagate Technology Holdings PLC STX

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

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

Analyst Note

| William Kerwin |

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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Company Profile

Business Description

Seagate is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.

Contact
38/39 Fitzwilliam Square
Dublin, D02 NX53, Ireland
T +353 12343136
Sector Technology
Industry Computer Hardware
Most Recent Earnings Jun 30, 2021
Fiscal Year End Jul 2, 2022
Stock Type
Employees 40,000

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