Analysts at Morgan Stanley upgraded Seagate Technology Holdings PLC (NASDAQ: STX) Wednesday, suggesting that the IT hardware industry is entering the final stages of the late cycle and is poised for an early-cycle rebound.
Q3 revenues far exceeded total revenue of 2022 –– High value Product driven & Services business model reflected in 76.5% gross margin –– Won sales exceeded internal target of $68 million, standing at $300 million (a
Cowen & Co. analyst Karl Ackerman downgrades Power Integrations (NASDAQ:POWI) from Outperform to Market Perform and lowers the price target from $90 to $65.