Seagate Technology (STX) shares rose 6.3% to begin Friday at $849.28 after quarterly revenue reached $3.63 billion, up 48.5% year over year and above the $3.50 billion consensus. Earnings per share (EPS), a company’s profit allocated to each share, came in at $5.71 versus expectations of $5.10. Management projected Q1 2027 EPS of $7.10 to $7.50, compared with a full-year 2027 analyst estimate of $35.70. Barclays, JPMorgan, Rosenblatt Securities and Susquehanna raised their price targets, with Rosenblatt setting the highest at $1,400; the overall consensus rating is Moderate Buy with an average target of $986. Institutional investors own 92.87% of outstanding shares, while insiders sold about 191,765 shares worth $161.9 million over the past 90 days under pre-established Rule 10b5-1 trading plans. The results came alongside a 7% gain for SK Hynix and broader interest in companies supplying high-density storage for AI data centers.