Renowned crypto analyst Michaël van de Poppe forecasts a significant price surge for Stacks (STX), predicting a 70% rally, alongside a potential six-figure Bitcoin price. This bullish prediction comes amid signs of a market shift from Bitcoin dominance to an altcoin season, fueled by positive indicators and the upcoming departure of SEC Chair Gary Gensler.
Seagate Technology Holdings PLC (STX) exceeded analysts’ expectations with its first-quarter earnings report, showcasing robust revenue growth and impressive margin expansion. Despite the positive performance, the stock dipped on Wednesday after the company’s outlook for the second quarter hinted at slower growth. This article delves into the key takeaways from Seagate’s earnings, including revenue, profitability, cash flow, dividend, and the stock’s reaction.
Seagate Technology Holdings plc (STX) is set to report its first-quarter fiscal 2025 earnings on October 22nd. Analysts expect strong growth driven by robust demand for mass capacity storage solutions, fueled by cloud computing expansion and AI adoption. The company’s recent innovation in hard drive technology and pricing actions are expected to contribute to a positive earnings surprise.
