Surging Earnings Estimates Signal Upside for Seagate (STX) Stock
Seagate(STX) ZACKS·2024-09-03 01:20
Investors might want to bet on Seagate (STX) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this electronic storage maker, should get reflected in its stock price. After all, empirical research shows a strong correlation betw ...