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home / news releases / WDC - Seagate Technology: Valuation Needs To Go Down Some More To Be Attractive

WDC - Seagate Technology: Valuation Needs To Go Down Some More To Be Attractive

Western Digital Corporation

2024-04-25 08:28:16 ET

Summary

  • Seagate Technology's valuation has decreased since January, but the near-term upside potential is still limited.
  • The company reported strong Q3 2024 results, with sequential revenue growth and expanding margins.
  • The HDD industry is seeing improvement, but Seagate's expensive valuation remains a concern, warranting a hold rating.

Investment action

For further details see:

Seagate Technology: Valuation Needs To Go Down Some More To Be Attractive
Stock Information
Company Name: Western Digital Corporation
Stock Symbol: WDC
Market: NASDAQ
Website: wdc.com
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