Tag Archives: wdc

Seagate, Western Digital Price Targets Hiked

Seagate Technology (STX) stock was up nearly 1% but Western Digital (WDC) stock was flat in morning trading in the stock market today, after RBC Capital Markets raised its price targets on both stocks. Seagate was trading near 60.80 Wednesday morning, while Western Digital was near 87.85. RBC upped Seagate’s price target to 60 from 51 and maintained its sector perform, or hold, rating. Analyst Amit Daryanani said he’s upbeat about demand for

Disk Drive Leaders Seagate, W. Digital Give Strong Outlooks

Shortly after computer disk drive maker Seagate released its latest results last week, Patrick O’Malley, the company’s chief financial officer, summed up his thoughts. “What a difference a year makes,” he told IBD. Indeed. Even in an industry known for volatility, the comparison is night and day. Or make that day and night. And not just for No. 1 drive maker Seagate (STX), but also for No. 2 Western Digital (WDC). Seagate swung to a profit of