Seagate (STX) Stock May Be Undervalued On Fresh HAMR Demand Optimism

Seagate Technology Holdings has been on a striking multi year run, and the recent pullback now puts a spotlight on a simple question for investors who care about fundamentals. Do the earnings behind Seagate’s hard disk drive and data center storage franchise fully support where the stock trades today? Over the past 3 years, the share price has delivered a very large gain that raises the stakes on whether current earnings power can carry that kind of move. Recent analyst commentary has leaned...