BofA Maintains Buy on Seagate Technology Holdings (STX) Stock, Raises PT
A technician configuring a network-attached storage drive.
These include the roadmap for areal density, capability to balance supply and demand across market cycles because of its customer base having few very large clients, and its cost management capabilities in future downcycles. Furthermore, the firm's analyst mentioned the long-term demand for hard disk drives (HDDs) in data centers and the expectation for elevated margin levels because of a product mix transition towards Heat-Assisted Magnetic Recording (HAMR) technology, which can be achieved without the need for incremental unit capacity investments.
Overall, the optimism from BofA Securities on Seagate Technology Holdings plc (NASDAQ:STX)'s stock is mainly backed by the secular demand trends from Cloud services. The company's strong emphasis on innovation, mainly in HAMR technology, can help strengthen its competitive edge.
Seagate Technology Holdings plc (NASDAQ:STX) provided new financial targets for the period through FY 2028, which are aided by HAMR technology adoption. Over FY 2025 – FY 2028, it expects revenue to see low-to-mid teens CAGR.
Seagate Technology Holdings plc (NASDAQ:STX) provides data storage technology and infrastructure solutions.
While we acknowledge the potential of STX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than STX and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now
Disclosure: None.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
30 minutes ago
- Business Wire
SPAR Group Announces Relocation of Corporate Headquarters
AUBURN HILLS, Mich.--(BUSINESS WIRE)-- SPAR Group, Inc. (NASDAQ: SGRP) ('SPAR', 'SPAR Group' or the 'Corporation'), a provider of retail and brand services, is proud to announce the relocation of its corporate headquarters to Charlotte, North Carolina. This move places the company in one of the country's fastest growing cities with a vibrant tech sector, business-friendly environment, access to great talent and a highly-connected international airport. 'Relocating our headquarters to Charlotte opens up new opportunities for SPAR and the business,' said Mike Matacunas, President and CEO of SPAR. Share 'Relocating our headquarters to Charlotte opens up new opportunities for SPAR and the business. This location is central to our clients and major retailers in the southeast such as Walmart, Home Depot, Dollar Tree, Dollar General, Family Dollar, Lowe's, Kroger and many more, while also providing us access to amazing talent and resources,' said Mike Matacunas, President and CEO of SPAR. 'Our new headquarters is located at 110 East Boulevard, Charlotte, NC, in the heart of the South End of the city providing access for our associates to a vibrant and fast-paced area. We look forward to bringing our clients, business partners and prospects to spend time with us innovating and driving retail and brand performance.' The move will be effective October 2025 as the company transitions out of its current location. About SPAR Group, Inc. SPAR Group is a leading merchandising and marketing services company in North America, providing a broad range of services to retailers, manufacturers, and distributors. With more than 50 years of experience, merchandising across the United States and Canada, an average of 30,000+ store visits a week and long-term relationships with leading manufacturers and retail businesses, we provide specialized capabilities across North America. Our unique combination of scale, merchandising and marketing expertise, combined with our unwavering commitment to excellence, separate us from the competition. For more information, please visit the SPAR Group's website at
Hamilton Spectator
30 minutes ago
- Hamilton Spectator
Chris Heller and The Heller The Home Seller Team Joins eXp Realty
BELLINGHAM, Wash., July 29, 2025 (GLOBE NEWSWIRE) — eXp Realty®, 'the most agent-centric™ real estate brokerage on the planet' and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced that Chris Heller, one of the most accomplished professionals in the real estate industry, has officially joined eXp Realty. Heller is the founder of Heller the Home Seller, and has held executive leadership roles at several of the industry's most recognized companies. His team, known for its consistency and performance have sold more than 100 homes annually for the past three decades, totaling over 4,400 homes. 'Chris and I were once competitors chasing the #1 spot, and now we're reunited at a company that gives top producers the autonomy, platform, and scale to build empires,' said eXp Realty CEO, Leo Pareja. 'His decision to bring his team to eXp is not only a validation of our model, it's a signal to the entire industry that the most iconic leaders are choosing agent ownership, collaboration, and innovation. I couldn't be more proud to welcome Chris and his team.' Heller previously served as CEO of Keller Williams Realty International (KWRI) and as President of KW Worldwide. He also held executive leadership roles as CEO of mellohome and President at OJO/Movoto. Throughout his leadership career, he remained connected to real estate sales production through his team and was able to draw on that insight in his executive roles. 'I've been in regular contact with Glenn since leaving KW in 2017, and it's been incredible to watch eXp's growth and transformation over the years. From Leo's very first day, the idea of joining forces has been on the table,' said Heller. 'What drew me in wasn't just the momentum — it was the model, the structure, the leadership, and most of all, the culture. Aligning with a platform built for the future and locking arms with leaders like Leo Pareja, who are driven to innovate, grow, and raise the bar for the entire industry, is great.' Heller's decision to align with eXp Realty marks a strategic move to a platform designed for scale, flexibility, and long-term growth. The model provides agents with revenue share, equity ownership opportunities, and a collaborative culture that supports expansion at a national and international level. About eXp World Holdings, Inc. eXp World Holdings, Inc. (Nasdaq: EXPI) (the 'Company') is the holding company for eXp Realty® and SUCCESS® Enterprises. eXp Realty is the largest independent real estate brokerage in the world, with nearly 81,000 agents across 28 countries. As a cloud-based, agent-centric brokerage, eXp Realty provides real estate agents industry-leading commission splits, revenue share, equity ownership opportunities, and a global network that empowers agents to build thriving businesses. For more information about eXp World Holdings, Inc., visit: . SUCCESS® Enterprises, anchored by SUCCESS® magazine, has been a trusted name in personal and professional development since 1897. As part of the eXp ecosystem, it offers agents access to valuable resources to enhance their skills, grow their businesses, and achieve long-term success. For more information about SUCCESS, visit . Safe Harbor and Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company's and its management's current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, statements regarding the anticipated success of agents or teams joining eXp Realty, future production goals or volume projections, and participation in or benefits derived from the Company's platform, tools, compensation model, or equity programs. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include real estate market fluctuations, changes in agent retention or recruitment, competitive pressures, regulatory changes, and other risks detailed from time to time in the Company's Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law. Media Relations Contact: eXp World Holdings, Inc. mediarelations@ Investor Relations Contact: Denise Garcia investors@ A photo accompanying this announcement is available at
Associated Press
an hour ago
- Associated Press
Fashion's Imperfection-and the SMX Technology That's Fixing It
NEW YORK, NY / ACCESS Newswire / July 29, 2025 / In today's fashion economy, style alone isn't enough. Gen X and Millennial consumers are driving a shift that goes far deeper than seasonal trends. They want to know not just what they're wearing-but who made it, how it was made, and whether it reflects the values they live by. That means ethical sourcing, verified materials, and transparency from origin to outlet. That means for brands, vague sustainability slogans and unverifiable claims no longer cut it. SMX (Security Matters) (NASDAQ: SMX ), a leader in converting physical items into secure digital records for circular economy applications, is capitalizing, by quietly transforming fashion's entire supply chain infrastructure with one mission: to make every item of clothing traceable, provable, and tamper-proof-starting at the molecular level. The SMX Approach to Authenticating Fashion's Supply Chain The truth is, fashion's supply chains were never designed for transparency. Decades of fragmented sourcing, outsourced production, and superficial certification programs left even the most well-meaning brands struggling to validate their claims. While tools like RFID tags helped track inventory, they offered little in the way of material authentication or provenance protection. RFID is external. It can be peeled off, copied, or lost. It's useful for managing warehouses-not for proving a brand's sustainability story. SMX offers something different. Its patented chemical-based markers are embedded directly into raw materials-organic cotton, vegan leather, dyes, metals, and more. These invisible fingerprints are paired with a digital twin, creating a permanent, tamper-proof record of a product's lifecycle. Every step-from material sourcing to production, distribution, resale, and even recycling-is logged and time-stamped. The result is a fully authenticated supply chain where nothing slips through the cracks. For brands, it's a game-changer. With SMX, they can prove exactly where an item came from, how it was made, and that it hasn't been tampered with. This forensic-level traceability isn't just about compliance. It's about control-and about building trust with a new generation of buyers who are tired of greenwashing and hungry for receipts. Why Gen X and Millennials Are Driving the Shift According to multiple consumer studies, more than 70% of Millennials say a brand's sustainability practices influence their buying decisions. Gen X isn't far behind. These consumers aren't just socially aware-they're digitally fluent. They know how to scan QR codes, follow supply chain maps, and demand transparency before swiping their credit cards. In short, they expect proof. SMX meets that expectation head-on. With its ability to track and verify materials throughout the entire product lifecycle, SMX is enabling brands to show-not just say-that their goods are ethically and sustainably produced. That's the difference between marketing and measurable action. And let's not forget what's happening in government. The EU's Green Deal, along with legislation like California's Responsible Textile Recovery Act, is cracking down on false sustainability claims and requiring more detailed environmental disclosures. SMX gives brands a built-in advantage in meeting these new rules, with immutable digital proof embedded in every product. Brands also recognize that SMX doesn't just help them comply-it protects them. Counterfeit goods cost the global fashion industry over $500 billion annually. SMX's embedded molecular markers act as a shield, verifying authenticity in real-time and safeguarding brand equity. Whether it's a luxury handbag or a recycled denim jacket, brands can now defend their products-and their reputations-at the molecular level. Where Sustainability and Security Converge What makes SMX especially powerful is how it links traceability to value. The company's Plastic Cycle Token (PCT) initiative is a bold example of that. It rewards verified circular behavior-recycling, ethical sourcing, reuse-with a digital asset that represents tangible, provable impact. In other words, sustainability isn't just good for the planet. It becomes part of a brand's financial strategy. This dual benefit-security plus ESG compliance-isn't lost on investors, either. As sustainability becomes a major factor in long-term value creation, SMX offers a unique position: it's not just helping companies tell their sustainability story-it's helping them audit it, verify it, and build entire ecosystems around it. And because SMX works across industries-fashion, packaging, electronics, automotive-brands that use it in one vertical often discover efficiencies and insights that ripple throughout their operations. It's the kind of scalable tech infrastructure that pays dividends well beyond its point of installation. The New Standard of Authenticity The world has entered a new chapter in fashion. And Gen X and Millennial consumers aren't waiting for brands to catch up-they're shifting their spending now. They want the full story. They want accountability. And they want proof. SMX gives brands the tools to meet that demand, not just with words, but with molecularly verifiable action. This isn't just a compliance tool-it's a trust engine. It's a brand protection system built for the realities of modern commerce. Put simply, SMX turns transparency into a competitive advantage, empowering companies to prove what others only claim. And at a time when authenticity is the new luxury, there is no compromise. About SMX As global businesses face new and complex challenges relating to carbon neutrality and meeting new governmental and regional regulations and standards, SMX is able to offer players along the value chain access to its marking, tracking, measuring and digital platform technology to transition more successfully to a low-carbon economy. Forward-Looking Statements The information in this press release includes 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words 'anticipate,' 'believe,' 'contemplate,' 'continue,' 'could,' 'estimate,' 'expect,' 'forecast,' 'intends,' 'may,' 'will,' 'might,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' 'would' and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include, for example: matters relating to the Company's fight against abusive and possibly illegal trading tactics against the Company's stock; successful launch and implementation of SMX's joint projects with manufacturers and other supply chain participants of gold, steel, rubber and other materials; changes in SMX's strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; SMX's ability to develop and launch new products and services, including its planned Plastic Cycle Token; SMX's ability to successfully and efficiently integrate future expansion plans and opportunities; SMX's ability to grow its business in a cost-effective manner; SMX's product development timeline and estimated research and development costs; the implementation, market acceptance and success of SMX's business model; developments and projections relating to SMX's competitors and industry; and SMX's approach and goals with respect to technology. These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing views as of any subsequent date, and no obligation is undertaken to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: the ability to maintain the listing of the Company's shares on Nasdaq; changes in applicable laws or regulations; any lingering effects of the COVID-19 pandemic on SMX's business; the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; the risk of downturns and the possibility of rapid change in the highly competitive industry in which SMX operates; the risk that SMX and its current and future collaborators are unable to successfully develop and commercialize SMX's products or services, or experience significant delays in doing so; the risk that the Company may never achieve or sustain profitability; the risk that the Company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; the risk that the Company experiences difficulties in managing its growth and expanding operations; the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations; the risk that SMX is unable to secure or protect its intellectual property; the possibility that SMX may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described in SMX's filings from time to time with the Securities and Exchange Commission. Email: [email protected] SOURCE: SMX (Security Matters) Public Limited press release
