Seagate Poised for Growth With Rising HDD Demand and Advanced HAMR Technology: Analyst
Seagate Poised for Growth With Rising HDD Demand and Advanced HAMR Technology: Analyst
Wedbush analyst Matt Bryson upgraded Seagate Technology Holdings Inc (NASDAQ:STX) from Neutral to Outperform with a $100 price target.
Wedbush分析师马特·布赖森将希捷科技控股公司（纳斯达克股票代码：STX）从中性上调至跑赢大盘，目标股价为100美元。
The re-rating reflected an improving nearline Hard Disk Drive (HDD) demand environment that creates a likely upside to Bryson's near-term expectations and his increased conviction that Heat Assisted Magnetic Recording (HAMR) is a "good" technology, with the ramp of HAMR only likely to augment favorable nearline trends.
重新评级反映了近线硬盘驱动器（HDD）需求环境的改善，这可能会给布赖森的短期预期带来上行空间，而且他越来越坚信热辅助磁记录（HAMR）是一项 “好” 技术，而HAMR的上涨只会增强有利的近线趋势。
According to the analyst, more certainty about HAMR progress creates intermediate to longer-term room for share, margin, and profit expansion.
根据分析师的说法，HAMR进展的更多确定性为份额、利润率和利润扩张创造了中长期空间。
Also Read: Seagate Is Set for Success, Analyst Highlights Demand and Pricing Strength
另请阅读： 希捷必将取得成功，分析师强调需求和定价强度
Bryson's checks fit with STX's suggestion the most recent hold-up in qualification is a component issue rather than a more significant technology problem. While the analyst noted there are still some manufacturing challenges that likely need to be resolved to get the full benefit of HAMR, he noted the fundamental issues are behind STX.
布赖森的检查符合STX的说法，最近的资格审查是组件问题，而不是更严重的技术问题。尽管这位分析师指出，要充分受益于HAMR，仍有一些制造业挑战可能需要解决，但他指出，STX背后的基本问题仍然存在。
Bryson noted Broadcom Inc's (NASDAQ:AVGO) recent STX's SoC work purchase as validating HAMR's technology path/progress as Broadcom CEO Hock Tan notably does not invest in green shoots.
布赖森指出，博通公司（纳斯达克股票代码：AVGO）最近收购STX的SoC工作证实了HAMR的技术路径/进展，因为博通首席执行官霍克·陈显然没有投资绿芽。
Finally, with differentiated enterprise drives traditionally having seen margins of 40%+, Bryson noted room for STX to significantly lift its profitability in the out years as suggested by his new fiscal 2026 earnings estimates.
最后，由于传统上差异化企业驱动的利润率为40％以上，布赖森指出，正如他新的2026财年收益估计所表明的那样，STX在未来几年有大幅提高盈利能力的空间。
Bryson published his new 2026 estimates for EPS of $11.68, revenues of $11.761 billion, gross margin of 35.1%, and operating margin of 25.6%, which could support a far more substantial price target. His projections attempt to begin to account for the benefits of HAMR with regard to HDD, ASPs, and gross margins.
布赖森公布了他对2026年每股收益11.68美元的新估计，收入为117.61亿美元，毛利率为35.1％，营业利润率为25.6％，这可能支持更实质性的目标股价。他的预测试图开始考虑HAMR在HDD、ASP和毛利率方面的好处。
Bryson projected fourth-quarter revenue and EPS of $1.87 billion and EPS of $0.78.
布赖森预计第四季度收入和每股收益为18.7亿美元，每股收益为0.78美元。
Seagate stock gained 49% in the last 12 months. Investors can gain exposure to the stock via First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) and IShares Future Cloud 5G And Tech ETF (NYSE:IDAT).
希捷股票在过去12个月中上涨了49％。投资者可以通过第一信托多尔西·赖特动量和股息ETF（纳斯达克股票代码：DDIV）和iShares Future Cloud 5G和科技ETF（纽约证券交易所代码：IDAT）获得股票敞口。
Price Action: STX shares traded higher by 1.82% at $87.47 at the last check Wednesday.
价格走势：在周三的最后一次检查中，STX股价上涨1.82％，至87.47美元。
Also Read: Micron, Seagate, Western Digital Poised for Upswing, Driven by NAND Price Surge, Analyst Forecasts
另请阅读： 分析师预测，在NAND价格飙升的推动下，美光、希捷、西部数据有望上涨
Photo via Wikimedia Commons
照片来自维基共享资源