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These Analysts Increase Their Forecasts On Seagate After Strong Q2 Earnings

1. Seagate reported Q2 earnings of $2.03, above $1.88 estimate. 2. Sales reached $2.33 billion, slightly surpassing $2.32 billion consensus. 3. Analysts raised price targets post-earnings, signaling increased optimism. 4. CEO highlighted structural improvements and high gross margins. 5. Shares rose 3.7% following the earnings announcement.

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FAQ

Why Bullish?

Seagate's strong earnings and positive analyst revisions suggest potential upward pressure on STX.

How important is it?

The earnings beat and analyst upgrades are likely to significantly influence STX's market perception.

Why Short Term?

Recent earnings effect may lead to short-term stock performance improvement.

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