Susquehanna analyst Mehdi Hosseini raised the firm’s price target on Seagate (STX) to $80 from $68 and keeps a Negative rating on the shares. The firm said the company has executed well, benefiting from aggressive spending by GCS, its largest CSP customer, but they believe quarterly EPS is expected to peak in 2H CY25, albeit at a higher level than previously anticipated, driven by a rapid deceleration in year-over-year growth in quarterly EB shipment, while operating margin peaks near 30%.
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