On July 21, Seagate Technology rose 7.53% in regular trading, trading at $867.02/share, with turnover of $143 million. The rally was driven by optimistic expectations ahead of the upcoming earnings release on July 28, combined with multiple investment banks raising their target prices.

On the earnings front, the market expects Seagate's quarterly revenue to grow 43.48% year-over-year, with expected EPS of $4.89. Last quarter, the company reported revenue of $3.112 billion (+44.07% YoY), gross margin of 46.50%, and adjusted EPS of $4.10 (+115.79% YoY). Institutional sentiment is predominantly bullish, with core logic centered on AI data center capex recovery, nearline HDD high-capacity product mix improvement, and margin expansion.

On the catalyst side, Citigroup raised its target price from $1,150 to $1,240 maintaining a Buy rating, JPMorgan raised to $1,095 from $920 maintaining Overweight, and BNP Paribas raised to $1,050 from $860 maintaining Outperform. Additionally, Seagate showcased its Mozaic technology-based AI data storage solutions at the WAIC conference on July 19, reinforcing expectations for AI-driven large-capacity HDD demand. The broader storage sector also rebounded, with Western Digital up 9.01% and SanDisk up 8.69%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)