01:25 PM EDT, 06/09/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lift our 12-month target to $150 from $105, shifting to 15x our CY 2026 EPS view of $9.96. We lift our FY 25 EPS view to $7.92 from $7.76 and FY 26's to $9.67 from $9.36. We maintain our Buy rating as STX's HAMR technology leadership positions it years ahead of competitors in mass capacity storage. The company achieved decade-high gross margins at 36.2% with sequential expansion for eight consecutive quarters, driven by premium HAMR-based Mozaic drives ramping to qualified cloud customers. Strong demand fundamentals underpin growth with nearline exabytes up 55% Y/Y and a mid-20% CAGR expected through 2026. Management's disciplined capital allocation includes $5 billion share buyback authorization and commitment to return 75% of free cash flow to shareholders, while debt reduction to $5.1 billion strengthens the balance sheet for sustained profitable expansion.