--- title: "Seagate Heads into Earnings with Azure Momentum, But Wall Street Is Split" type: "News" locale: "en" url: "https://longbridge.com/en/news/303113346.md" description: "Seagate Technology shares rose ahead of its Oct. 27 earnings report, driven by a storage interoperability milestone with Broadcom and Microsoft Azure validation for AI/cloud workloads. Wall Street expects EPS of $7.42 on revenue of $4.14 billion. Analysts remain split; while the consensus is Buy with an average target of $892, Cantor Fitzgerald lowered its target to $1,000, whereas Bank of America and Morgan Stanley raised theirs to $1,200. Despite strong long-term growth momentum, technical indicators show short-term pressure." datetime: "2026-10-26T16:31:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/303113346.md) - [en](https://longbridge.com/en/news/303113346.md) - [zh-HK](https://longbridge.com/zh-HK/news/303113346.md) generator: "portal-rs" --- # Seagate Heads into Earnings with Azure Momentum, But Wall Street Is Split **Seagate Technology Holdings PLC** (NASDAQ:STX) shares traded higher Monday ahead of the company’s scheduled Oct. 27 earnings report, with Wall Street expecting EPS of $7.42 on revenue of $4.14 billion. The company also announced a storage interoperability milestone after **Broadcom Inc.** (NASDAQ:AVGO) approved Seagate’s HAMR-based Mozaic drives as the first and only SMR drives for its host bus adapter, while **Microsoft Corp.** (NASDAQ:MSFT) **Azure Storage** qualified the configuration for hyperscale deployments. **• Seagate Technology Hldgs shares are powering higher. What’s behind STX gains?** ## **Seagate Storage Push Gains** The qualification provides a hyperscale proof point for Seagate’s high-capacity storage technology as AI and cloud workloads drive growing storage requirements. The configuration gives data centers a supported way to deploy and manage high-capacity Seagate drives, with HAMR increasing storage density and SMR packing data tracks more tightly to boost usable capacity. “By pairing Seagate HAMR + SMR storage technology with Broadcom’s connectivity infrastructure, we’re helping make high-capacity SMR storage more accessible and easier to deploy as AI and cloud data demands grow,” said **Jason Feist**, Seagate’s senior vice president, Cloud Business. Microsoft’s **Pablo Ziperovich** said the qualification supports large-scale deployments while “enabling greater storage density at a similar cost and power envelope.” ## **Analysts Split Ahead of Earnings** The storage announcement comes one day before Seagate’s scheduled Oct. 27 earnings report. Wall Street expects EPS of $7.42, up from $2.61 a year earlier, on revenue of $4.14 billion versus $2.63 billion last year. Seagate trades at a price-to-earnings ratio of 45.4 times. The stock carries a Buy consensus rating and an average consensus price forecast of $892. **Cantor Fitzgerald** maintained an Overweight rating Monday but lowered its price target to $1,000 from $1,300. **Bank of America Securities** maintained Buy and raised its target to $1,200 from $1,150 on Oct. 21, while **Morgan Stanley** raised its price target to $1,200 and maintained Overweight on Oct. 20. ## **Technical Picture Remains Under Pressure** Seagate remains under short-term technical pressure, trading 17.7% below its 20-day SMA, 22.7% below its 50-day SMA, and 25.6% below its 100-day SMA. The RSI stands at 31.17, near oversold territory, while MACD remains below its signal line, pointing to weak momentum. Despite the near-term weakness, Seagate shares have gained 176.56% over the past 12 months. The stock sits at 45.7% of its 52-week range. **See More: Top Momentum Stocks** ## **Benzinga Edge: Seagate Scores High Growth, Weak Value** Benzinga Edge scorecard for Seagate Technology highlighting its strengths and weaknesses compared to the broader market: - **Momentum**: Bullish (Score: 96.44) — The stock’s longer-run tape is still acting like a leader despite the recent pullback versus key moving averages. - **Value**: Bearish (Score: 1.3) — The market is pricing in a lot of optimism, leaving less room for error if growth expectations cool. - **Growth**: Bullish (Score: 99.82) — The profile implies investors are paying up for expected expansion, consistent with AI/cloud infrastructure narratives. Seagate’s strong Growth and Momentum scores contrast with weak Value, putting added focus on execution and forward guidance. **STX Stock Price Activity:** Seagate Technology Hldgs shares were up 3.94% at $655.36 at the time of publication on Monday, according to Benzinga Pro data. **Read Also: Western Digital Is Down 55% From Its June Peak. 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