Seagate (STX) is Enjoying the Current Environment, Says Jim Cramer

Seagate Technology Holdings (NASDAQ:STX) is different representation shaper whose shares person performed good implicit the past year. They are up by 681% implicit the past twelvemonth and 152% year-to-date. Bank of America, portion commenting connected Seagate Technology Holdings (NASDAQ:STX) connected April 20th, outlined that the steadfast could payment from tailwinds done information halfway spending adjacent though its different markets were struggling. Morgan Stanley had discussed the shares connected April 6th. It raised the stock terms people to $468 from $582 and kept an Overweight rating. The slope remarked that Seagate Technology Holdings (NASDAQ:STX) could payment from a robust request for hard disk drives, with shortages expected to proceed done 2028. Morgan Stanley added that beardown terms per terabyte trends could payment Seagate Technology Holdings (NASDAQ:STX)’s margins. Cramer remarked that representation companies were basking successful a choky market:

“Look I was connected that Seagate call, they’re not adjacent spending that overmuch money, they’re enjoying the tightness. Sandisk is enjoying the tightness.”

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