We recently revised our price estimate for Seagate from $39 to $29. The primary reasons for the price estimate revision were lower revenue expectations due to subdued demand for most product streams over the last few quarters for Seagate, which will negatively impact the company’s margins and earnings going forward.
We recently revised our price estimate for Seagate from $39 to $29. The primary reasons for the price estimate revision were lower revenue expectations due to subdued demand for most product streams over the last few quarters for Seagate, which will negatively impact the company’s margins and earnings going forward.
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