Seagate Positioned as a Bellwether for Big Tech Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Benzinga
- Earnings Beat: Seagate reported adjusted earnings per share of $3.11 for Q2, exceeding analyst expectations of $2.81, which underscores the robust demand for data centers and solidifies its foundational role in the tech sector.
- Long-Term Growth Potential: Analyst Cramer emphasized that the demand for Seagate's products reflects a long-term structural shift rather than a temporary spike, indicating a promising growth trajectory for cloud and AI services, particularly benefiting companies like Google and Nvidia.
- Supply Chain Pressures: The tightening global supply chains are exacerbated by President Trump's tariff increase on South Korea to 25%, leading to rising prices for essential components in AI infrastructure, highlighting the scarcity and value of necessary hardware for future computing.
- Strong Stock Performance: Seagate's shares have surged 32.16% over the past month and 29.29% year-to-date in 2026, reflecting market confidence in its growth prospects, although the stock slid approximately 2% in after-hours trading due to high expectations being priced in.
Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMZN is 294.69 USD with a low forecast of 250.00 USD and a high forecast of 340.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
47 Analyst Rating
46 Buy
1 Hold
0 Sell
Strong Buy
Current: 244.680
Low
250.00
Averages
294.69
High
340.00
Current: 244.680
Low
250.00
Averages
294.69
High
340.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
