Seagate (STX) is Facing a Shortage That Can’t Be Met, Says Jim Cramer

Storage devices shaper Seagate Technology Holdings plc (NASDAQ:STX)’s shares are among the apical performers successful the market.  The shares are up by 256% implicit the past twelvemonth and by 28% year-to-date. Several analysts discussed Seagate Technology Holdings plc (NASDAQ:STX) successful January. For instance, BofA accrued the stock terms people to $400 from $320 and kept a Buy standing connected the shares. According to the bank, Seagate Technology Holdings plc (NASDAQ:STX) tin bushed expert estimates for its upcoming net report. One cardinal catalyst for the company, according to BofA, is its heat-assisted signaling memory, arsenic the slope commented that Seagate Technology Holdings plc (NASDAQ:STX) tin proceed to turn its database of customers for these products. Similarly, Rosenblatt accrued the stock terms people to $370 from $270 and kept a Buy standing connected the stock. The fiscal steadfast remarked that Seagate Technology Holdings plc (NASDAQ:STX) could payment from all-around beardown request for high-density representation devices:

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“Okay, so, here’s the ones that person a shortage that can’t beryllium met. . .Seagate. . .Those stocks are up . . .25[%]. . .this is from the twelvemonth began.”

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.